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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (5117)3/29/2011 9:54:22 AM
From: alanrs  Read Replies (1) of 5205
 
EBIX

That's one scary chart, now that they broke through 22. Don't mind the industry they're in or their earnings, although I have no idea as to competition, etc. Selling the 20 put leaves room down to about $17.80 and the longer term chart looks like $18 might be a floor, so I can see that making sense.

Put an order in to sell 2 May 18 puts at 1.65. Remaining true to my chicken self. If not today, maybe tomorrow.

ARS
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