OPENING: GSAT COVERED CALLOkay, okay, okay ... . It is likely that this company is a ginormous turd pile, but the implied volatility in it is high, so I'm pulling the trigger here on it as a small speculative trade. Metrics: Bought 100 Shares at 1.61 Sold Oct 21st 2 call Whole Package: 1.37 db Max Profit: $63 ROC: 46%by NaughtyPinesUpdated 2
long on GSATGSAT testing previous lows on 1.10 level it looks like a pretty strong resistance. GSAT is also oversold, expecting a bounce of 1.10 level to about 1.26Longby jure121
High IV and Recovering Momentum for GSATGlobalstar Inc has had a complicated relationship with the FCC as of late over airwave use, more specifically, the use of satellite signals for mobile devices to access the internet. Certainly something to look into more and watch as the FCC concludes its voting on the matter. Since GSAT's large selloff, its price has recovered somewhat by ~ 28% over the past 11 days. RSI has a positive slope and is still relatively low at 34.18. MACD has reflected a change in slope of the price level and momentum is in the process of recovering towards the positive side. Very liquid stock and is optionable. An interesting aside; Current implied volatility is 270%. Statistically, this implies that the underlying may increase by 270% annualized. It cannot decrease by 270% since the lowest it can go theoretically is zero. So it stands to reason that, according to current IV, the annualized potential of GSAT's price is anywhere from $0.00 to ~ $4.34. This does not mean for certain the moves are guaranteed, however, all the previously stated may give price a bias towards the positive end of this spectrum. Longby OrangeBird1
$GSAT getting "Stronger"Some back & filling here creating a pennant and at the same time testing breakout area 3.09... in the end....further up Safe trading ladies and gents! @BLawrenceM Music at work: www.youtube.com open.spotify.com If you find my charts useful - consider following me on Twitter. I do updates there on my TV-published charts and annonces quick scalp plays all day long.Longby CoinedByCrypto4