Looks like a good risk/reward play.
Long term support has held in a falling wedge after a run up from its March lows.
I will start scaling in to long term calls.
Long term support has held in a falling wedge after a run up from its March lows.
I will start scaling in to long term calls.
Trade active:
I am using a PMCC strategy where I sell shorter dated calls against my far dated one. Will re-evaluate the position if the support range breaks.
Trade closed: target reached:
Was a great hold as its earnings blew it out the water.