Well I took the majority off of GMCR looking to put that capital to work in SWKS. I like the company fundamentally, and look to add more to the position. Due to the real chance of a pullback / correction in the general market I like entering through the options market limiting my risk to the premiums. Also we have a potential bullish pinbar forming at support, and above average "buy" volume supporting the move. Along with very large Q1 Institutional accumulation of shares, I feel comfortable adding at this area.
I will keep any followers posted on progress for the remainder of the trading day today. As I will be looking at the final hour of trading to enter into the position.
Do note that this is more of an investment for me so any short term volatility will not shake me out of the position, and as long as the stock stays above the D1 200 Moving Average then I'm holding, and hedging the positions accordingly.