$SDC It’s starting to look like those $10 Puts I sold to raise money to buy the shares is going to work out pretty well. Sometimes you just get lucky even if you don’t know what you’re doing. 😊
$SDC You can see in the PPO that these shares are struggling a bit, but the stock price shows a trend that has definitely been heading higher since March (see the red arrow in the chart below). Attempting to draw channel lines (the blue lines) shows the general limits of the share’s volatility along that trend line. And assuming this has been drawn somewhat reasonably well, it appears that the shares are currently moving along the lower channel edge. This to me is a buying area because I would expect there to be significantly more upside now than downside. A move up to near $13 would not be an unreasonable assumption. Weekly options are available for those who trade options.
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