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Strategies & Market Trends : LPL -- leader in World's TV Industry

LPL 5.010

+3.9%

Oct 31 9:30 AM EDT

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From: chessboard_andy	3/18/2021 11:36:23 AM
	Read Replies (1) of 76

$9.65 still seems to be the demarcation line. (First noted as $9.60-9.65 in January.) We traded around that level from 3/4-3/10. We are still teasing that level, but mostly from above. I'm thinking about entering a couple of long trades with an eye towards a move back towards $10.78. Haven't pulled the trigger yet though. EDIT: Just dipped my toes into April $10 calls and a silly play on April $12.50 (@$0.04) for grins. There is no market for the May contracts. I did test a bid at $0.55 for the May $10 call, but the ask did not move. July seems too pricey for me at around $1. It's all too thinly traded to really do much. Perhaps I'll add some common to my core and sell some calls against it when we approach $11. The problem is that selling covered calls won't realize much for the $12.50 strike unless we have a good candlestick above $11.50. Selling the $10 calls will add enough juice to make some sense.

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