In my previous post, I was bearish on EGO and bought a few puts thinking it was ready to turnover agan. Now watching it after it cooled off and has been; making higher lows the past few days, not breaking the trend line.. I am cautiously bullish. Looks ready for a push into the 8's. I bought some near ITM calls to grab some profit from the next push. More volume would be nice. If not, then the OTM puts will make up for the loss due to the hard pullbacks EGO seems to have. Just letting the trade ride at this point. GLTA
Trade active:
still in this trade, earnings on 8/1. still holding trend line perfectly. Seeing a morning dip then making a higher low throughout the day. very confident in the trade. jan 2020 options 14-15 strikes are being priced very aggressively. Something to keep in mind here. GL