David: I like your iwov as the better of the two. looks like its rsi is settling sideways @45 or so, same for sto.
the trend is not as volatile as its past has been (adx low)
looks like it had a pretty good swing range fri though (18 to 15) and lots of volume.
Is your motive to buy @ 15 ( if you got in now), sell 12.50's for july (one month out) for 3.50? Then, if called out (likely, at 12.50) you would have a buck left on your 15.00 investment, or about 6 2/3 percent?
And if not called out (let's hope not, then the stock tanked below 12.50 (not super likely) and you have the downside protection of 23%? (3.50 premie on 15.00 underlying) Barring any market purging,
I assume you see being called out certain, (for 6% nice mo return) and not so likely to drop below 12.50 because there appears to be some support @ 15.00?
Nice thinking.
Here's chart stockcharts.com[l,a]wccayimy[pb09!b17!d20,2!b50!b200][vc60][iUb14!Uc20!Lp14,1,3!Ll14,14!La12,26,9!Lg]
jaytee
ps I like the 6% a mo idea, as it will DOUBLE your investment in a year (providing you keep rolling proceeds) |
