wounsel

MAXIMUS INC. - $MMS - Dip or Falling Knife?

Long
wounsel Updated   
NYSE:MMS   Maximus, Inc.
$MMS ER miss of $0.02 w/ Revenue miss of -1.5% has dipped pretty nicely. I've purchased 3x 6/15 - $65.00 calls hoping for a rebound.
$MMS is currently below the 255 day Linear Regression Line by more than 1x standard deviation (probably more like >2x stddev).
Price target to sell of $62.70 or so for me. I don't want to ride it down at all on these soon-ish calls.

We'll see if I just caught a falling knife or BTFD'd!
Trade active:
Looks as if today we are starting to see $MMS starting to make the climb back to where it belongs... still holding hoping for at least a climb to $62.70 or better.
Trade active:
It's been hard to hold my calls as they've decreased in value 50% as of now. I'll continue holding -- hoping for price target of $62.70 + at that point I'll look to sell my calls.
I probably made a mistake buying these calls at the price I did, so I'll make sure I am careful with the bid-ask spread in the future.
Comment:
Looking for a double-bounce scenario here - hoping $MMS bounces off of ~$61.00 to increase a bit before 6/15 calls are due.
Comment:
Looks as if we've either witnessed a bounce or it is coiling. I made some mistakes buying the 3x 6/15 exp $65 calls at the price I did thanks, RobinHood... :-( .
BUT, I might average down on this one, if I can find any catalysts / sentiment information.
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