Herm, all...
I have been CCing NOVL, successfully executed 2 runs of WINS, and bought the calls back for a fraction, used some of the premies to pick up another 300 shares. Now, the stock has come down, and is treading dangerously close to my NUT of just under 21. All the charts look like it is bottoming out, but this is the time CCing starts to get dicey for me.
I'm not fond of the idea of waiting out for more upside when my cushion is almost gone. All the research looks to be ok, no news which would kill it, but I'm curious about the events. I'm trying to decide whether I should protect my investment, and write the 22.5s, securing a few thousands in profit, or following my gut, and WINS, and wait for the stock to reverse to the upside. It's a tough call with $21,000 on the line. Anyone see something I don't. I thought resistance was around 22, but RSI didn't drop as I would have expected with the stock price. Anyone who has any thoughts to offer, please let me know....
Thanks...
Ryan |
