10baggerbamm
:
it's not happening anytime soon if you look at a standard Fibonacci retracement which is a 50% consolidation . you're right around a hundred bucks so if you were smart and risk-averse you'd sell a 95 put when the stock is right around $100 for a short-term the same week expiration to collect the premium.. or you can buy it long at the hundred and go out immediately sell a 110 call against it for that week's expiration which will lower your cost basis . and I would continuously write calls against it $10 above the current price every week because I don't believe you're going to see another major spike like we just witnessed because China came out and said they're not doing another round this morning
Fama1973 : dreaming
10baggerbamm : it's not happening anytime soon if you look at a standard Fibonacci retracement which is a 50% consolidation
. you're right around a hundred bucks so if you were smart and risk-averse you'd sell a 95 put when the stock is right around $100 for a short-term the same week expiration to collect the premium.. or you can buy it long at the hundred and go out immediately sell a 110 call against it for that week's expiration which will lower your cost basis . and I would continuously write calls against it $10 above the current price every week because I don't believe you're going to see another major spike like we just witnessed because China came out and said they're not doing another round this morning
REILLY 10baggerbamm : wow u called it