The stock has low volume, and low options volume, so I usually avoid it. However with such a huge run up since March, indicators hint at profit taking to ensue. If selling picks up in next few days then stock should head towards 1000-1080. Best volume and price (still very low) is on 1000 strike for 7/31 expiry. I bought puts for 60 cents, and I will exit today or tomorrow if price and 30min charts do not support my trade idea.
액티브 트레이드
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With little volume and unpredictability, it is better to have a GTC (good 'till cancelled) order set. I have sell orders at $3.30 and $5 on 80% of my contracts. I will adjust as needed. Using my options pricing tool, I should be able to sell these contracts in $3.00-3.80 range if stock is at 1100 tomorrow.
코멘트
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my above price targets were based on some IV rise which has not yet happened. This is the difficulty with low volume stocks/options. I am holding overnight, and may lower my first target to $2.00-2.50 if IV stays low.
코멘트
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On the weekly chart there is a hanging man candlestick (last week) and now it appears a bearish engulfing. I am holding puts into next week.
Could have sold these puts on Friday for between $1.60-2.00, but I held on because I was looking for greater downside. Now with so little volume and theta decay let's see. Did you sell on Friday?