3rd touch on lower trend line today. It bounced off as expected.
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I'd put in a stop loss @$19.50
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If selling options, I'd sell puts near the bottom of channel, and write calls near the top.
I have a $23 call written. When the price gets near the top, i'll roll it hoping to get the max premium before the price falls.
I have a $23 call written. When the price gets near the top, i'll roll it hoping to get the max premium before the price falls.