Herm,
I've been using WIN's on IFMX for the past few months, and it's been very effective. I like this company and this stock, and have been monitoring the charts several times a week. I'm noticing a great deal of volume lately, along with some acquisitions the company's made.
My nut this round (I got called out last time for a very nice profit) is 7.00 (I hold 1500 shares long). I've waited until now to sell some calls, and decided on the Oct. 7.5's for a cool 1.50. If the stock keeps going up, I still make a nice 28% profit over just about two months. I thought about the Nov. and Jan 7.5's, but I'm not sure how long this support is going to last (RSI is nearly 69 on the daily chart), and I hate giving up the ability to move on a stock.
If you have any additional info on IFMX, it would be most appreciated. I know you prefer writing out more months, but I don't want to miss any swings on this stock (obviously, that could work against me if I sell too short-term). I've been using your WIN's approach for the past year plus, and have done pretty well with it, though am still learning chart reading, etc.
Thanks,
Mike |
