Thursday, April 18, 2019 2:29:47 PM
I bought TEVA a couple days ago and intend to do Buy-Writes for a period of time.
The upper chart (over a long period of time) shows three horizontal Sup-Res lines that the stock should react to (i.e. causing stalls while price is going higher -- providing support while price is going lower).
The lower chart (covering a shorter, 13-month, period) also shows a conventional stock chart, but also shows an additional chart at the right which represents calculated statistical closing price distributions which peak at SR (Sup:Res) levels. That chart was the source of the blue lines.
Seeing TEVA bottom out near the bottom SR line a couple days ago is what caused me to purchase the stock.
Did I do a Buy/Write when I got into the stock? You bet ... I got the stock for $14.50 then immediately sold $14.50 CCs (for $0.24) that expire today. Interestingly, for the last 45-minutes TEVA has been stuck at a little more than a penny below the strike of my Calls. That's still good news to me because yesterday TEVA traded like crap and I was beginning to wonder if I made a mistake.
Recent TEVA News
FEATURED POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • May 14, 2024 10:09 AM
FEATURED Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero • May 14, 2024 7:00 AM
VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • VAYK • May 14, 2024 9:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
