BATS:HOV   Hovnanian Enterprises, Inc
0
Opportunity in waning strength on HOV to short. Selling out of the money options isn't very profitable right now as volatility premium is lacking, especially in lower priced stocks.

Likely close out this position before Christmas week. Target is aggressive, so conservative bets on a move down to $5.20 is a bit better.

My short calls are sometimes a bit early, but I stick with them while lower time frame charts confirm the action.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.