Still looks higher…2/25/2010

February 25, 2010, Posted by ttbm at 2:03 pm

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A small degree C wave up is unfolding for NIHD ($37.99). We are thinking this can trade to $41, then $44. We are using a stop loss at $36.49 to control our risk.

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Currently have 2 Comments

  1. Dave Rawicz says:
    March 16, 2010 at 8:51 am

    Wrote MAR 40 covered calls on my NIHD yesterday and lowered my basis by $1.15. Figured I’d get some extra juice for 5 days worth of holding and if it still above 40 on Friday then c ya later.

  2. T3BM says:
    March 16, 2010 at 9:53 am

    We like your thought process. We believe that call writing is a forgotten art. All our years at this game and so few players use calls the way they should. SELL THEM, bring in the money. Great job!

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