Weekend Trader Alert
September 27, 2026
Open Positions Update
There are no portfolio updates this week.The following is this week's recommendation:
DoorDash (DASH)Place a limit order to buy the DoorDash (DASH) November 20, 2026 190-strike call at a limit price within range of the current market asked price when you place your order. At the close on Friday, September 25, this option was offered at $18.55. DASH closed at $193.36 on Friday, September 25.Do not attempt to enter this position after Monday's close.Please use the following guidelines to manage the position:- Exit the position if the option is at a 100% gain from your entry price.
- If the option has not reached its target profit by 3:00 p.m. Eastern time on Monday, October 12, close the position.
- If there is a change to the above closeout parameters, we will notify you in your regular Sunday evening communication.
DoorDash (DASH) shares have found support at a confluence of key technical levels, including their 200-day and six-month moving averages, as well as their year-to-date anchored volume-weighted average price (AVWAP). The equity has also held above its March and April highs, reinforcing this area as a potential technical floor.
Options-related support could come into play as well. Peak put open interest (OI) across all expirations sits at the 190 strike, while the front-month 185 strike is also home to substantial put OI.
Options traders have been unusually bearish, per DASH's 50-day buy-to-open put/call volume ratio of 1.46 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that ranks in the 97th percentile of its annual range. An unwinding of this pessimism could provide additional tailwinds for the shares.
Now looks like an attractive time to weigh in with options. DASH's Schaeffer’s Volatility Index (SVI) of 45% ranks in the low 14th percentile of its annual range, indicating options traders are pricing in relatively low volatility expectations at the moment. The stock has tended to exceed these expectations as well, per its Schaeffer’s Volatility Scorecard (SVS) of 84 out of 100.
Our recommended November 190 call has a leverage ratio of 6.15 and will double in value with a 17.45% move in the underlying equity.
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