Very nice bullish uptrend. Bought back my June $30 covered calls for a small loss today. Looking to ride this wave up to $45+ :)
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Cost basis is $20.88.
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Nice...went into the close and saw some selling at the end of day. I can see IQ grinding up in the channel.
Looks like recently for every big up day, she resets for 1-3 days. Trend is your friend so buy a pull back and wait.
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*Into the cloud
haha
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Right into the cloud and top of the channel. Looks like an evening star reversal. Today would have been a good day to sell covered calls. I do expect some selling to occur in the next few days, but you never know ;).
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WOW
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$45 target looks to be hit sooner rather than later.
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Sold at 38.71 for an 86% gain. Will look to buy again at 34.61 and 32.40.
Would you say hitting $45 is a sell or possible short opp? LONG that missed
brianweber
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@Pokethebear, so far looks like a short opportunity. Or to sell covered calls on your shares
damax26
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Wouldn't you agree its way overbought on so many timeframes? Great opportunity to short..check the short interest
brianweber
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@damax26, sure it's overbought, but that doesn't mean it has to come down. In a bullish trend overbought means momentum to continue upwards. Every dip is being bought and quickly. I plan on selling July $60 calls soon. The premium is very nice
damax26
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@brianweber, thanks for the quick reply. I'm long since $29. I'll just keep moving up my stop-loss. Good luck with your July calls, hope you crush it!
brianweber
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@damax26, no worries and thank you! I put in an order for July $60 calls at $3. Hoping the volatility spike in the mornings will fill me then crush immediately if we get one more push :)
Levan_The_Man
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Looking great I love it!! Gonna ride this one for a bit :)