Looking to hold my Jul 20th $55 Calls bought back on 6/18 at 53.95 (or $0.80/contract). It's held the trend line of ~+20% so far (+2% based on stock price). If this continues until expiration, the lower trend line should yield ~45% at a close of $56.15 (+4% based on stock price), whereas the upper trend line that recently took shape could yield up to ~420% (8% based on stock price). Anything in between is obviously a win as well, just looking to maintain the lower line and sell on any large moves higher.
Buying shares is also an option, I'm just choosing to leverage my return, but will exit on a close below the lower line.
Buying shares is also an option, I'm just choosing to leverage my return, but will exit on a close below the lower line.