NFLD... LEAP Covered Call Play

Quote from jllm03:

Probably not...it looks like it is just a conference with it's peers, not the stock owners conference.
Anyway...all I care about this stock is that it stays above $10 for the next 9 days.
After that re-evaluate what the next target will be.
If it holds up it's price, it may be a good play to sell the Jan 7.50 or the Jan 5.00 option.
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Looks like the conference was a NON-EVENT for the stock.
Only down .08 from the previous close on Tuesday.
Had a lot of movement, but it came back to where it started the day.
Nine more days....then I don't care where it goes.
 
I guess they must have said someting good at the Conference.
Good buying coming in today.
That just makes my Bull Put spread look a little bit better.:)
 
Quote from ellevers:

IV is still out of control.
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Yes it is...and that is the only thing making the options worth anything for trading. I have been looking for HIGH IV stocks just for short term plays. I really do not care if the company is a good one that will be around forever or not. Just as long as it is around a couple weeks for the next expiration period.
Once exp comes and goes, I start looking for another play.

Just disregard the title of this thread.
It looked like a Covered Call or calendar Spread would be good, and it was when this thread was started before the Nov. expiration. But for now I am only looking at this for Credit Spread deals, or possible selling some naked Jan 07 puts (if it drops back down in the 12-15 range).
 
Today it looks like the profit takers are have there way.
Just broke thru the 38.2% retracement level of 15.69.
I look for it to test the 50% retracement for the last run up.
That should be around the 14.99 area.
This has repeated the cycle 2 other times and looks like it will repeat again going to 50% to complete another cycle.
 

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