Bill Miller liked this on CNBC Friday. I owned it on the rise after March. It now looks like a slower grind upward. That may or may not be correct. If I saw it as a faster mover I would buy a call vertical debit with a 50 and 20 delta (sell the 50 delta and buy the 20). I sold put verticals based on a guess that it will grind upward slower (45 day would be ideal). I'm in for a total 2% of capital with a 1% loss stop.
Bill Miller liked this on CNBC Friday. I owned it on the rise after March. It now looks like a slower grind upward. That may or may not be correct. If I saw it as a faster mover I would buy a call vertical debit with a 50 and 20 delta (sell the 50 delta and buy the 20). I sold put verticals based on a guess that it will grind upward slower (45 day would be ideal). I'm in for a total 2% of capital with a 1% loss stop.
good chart. Let's see where this goes.
All the best in 2021 investing.