I have been adding to this position here and selling covered calls to accumulate more cash. I am starting to really like this stock for selling options and I am starting to build conviction in the thesis. The company although risky should remain hot this year with juiced premiums.
You will note the stock is deep in the weekly demand zone here. Stochastic momentum has shifted and reset. We are below all moving averages.
My plan:
I have been very successful in selling covered calls and closing them if they are 50% in profit the first day or 70% profit the second day. I have also been selling puts in these demand zones and adding shares. I would like to get to 1,000 shares to wheel this like I had been doing with hims.
You will note the stock is deep in the weekly demand zone here. Stochastic momentum has shifted and reset. We are below all moving averages.
My plan:
I have been very successful in selling covered calls and closing them if they are 50% in profit the first day or 70% profit the second day. I have also been selling puts in these demand zones and adding shares. I would like to get to 1,000 shares to wheel this like I had been doing with hims.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.