If you love guacamole, chips, and buying on dips, you'll like this play. Our latest Under the Hood Report is out and a familiar eatery is offering up a nice deal for lunch.

Bullish setups continue to appear -- and work. Sure, there are plenty of reasons for weaker souls to sit on the sidelines over the next few weeks. But only price pays, and when we can use options to clearly define our risks while still participating in a chance for gains, we'd be irresponsible if we didn't step to the plate to take our swings.

Today's trade comes from the recently updated "2 to 100 Club" list and is a $3.7 billion online personal styling and clothing platform.

Sometimes we traders overcomplicate things. With so many choices, so many moving parts, so many headlines, so many things vying for our attention on a minute by minute basis, it is easy to become overwhelmed.

It seems so obvious, but often the smartest -- yet the simplest -- thing to do is just keep investing in winners. Objects in motion tend to stay in motion, right? And if we can construct options trades that take advantage of that momentum while defining our risks in case we happen to be the last suckers to pile in before the reversal -- then we should do that all day long and twice on Sundays, right?

With that in mind, today's trade is a momentum name that is no stranger to anyone who has been paying attention to hot names this year.

Sure, you could go spend top dollar on that hot new make and model at the fancy big city car dealership.

But we all know the best deals are often found at the used car lot on the outskirts of town. And apparently investors are waking up to the fact that an investment in these operations can be good for their portfolios as well.

It isn't just the sexy high-tech names that are offering great opportunities. Sometimes, the best ideas can be the simplest ones.

After brushing my teeth this morning, I happened to be reviewing the list of stocks the ASC research team is watching. Call it kizmet, but the fresh tingle of clean teeth was still making itself known when I came across this chart:

The All Star Charts research team recently published our Quarterly Playbook for Q4. ASC subscribers can check it out here. And one of the highlighted semiconductor names has caught my attention for an opportunistic options trade.

As a trader, I've always looked forward to Mondays. These days, I like them even more because I get to act upon some great trading ideas published in the Under the Hood report which the ASC research team puts out every weekend. There have been so many great plays coming out of the report lately. (Have you seen $PTON??? wow.)

And this most resent one has given me an idea for a "plan" today.

The All Star Charts research team is about to release a new report called the "Young Aristocrats." I've seen the preview and one of the stocks on their list is setting up nicely today for a breakout, so I'm wasting no time to get involved.

This is the video recording and slides from the All Star Options Monthly Conference Call: October 8, 2020.

The curious case of higher implied volatility in out-of-the-money calls than the correspondingly distant OTM puts continues in a lot of high flying names. This is neither good nor bad, rather a data point we can use to our advantage when crafting bullish trade designs.

One such name that's on our radar which also made the cut in ASC's latest Under the Hood report is everyone's favorite blue bird -- Twitter $TWTR.

In a recent report to ASC Institutional subscribers, the team laid out a case for strength in the Homebuilding sector as several components are approaching breakout levels from monster bases. Its relative strength vs. the S&P 500 over the past month is evidence that the year-to-date leadership from this group is likely to continue for now.

One of our favorite opportunities that was discussed in last week's Under the Hood segment finally triggered our entry today. And continued elevation of options premiums in out-of-the-money calls sets up a great way for us to participate in a bullish move in a limited risk fashion.