Wednesday, August 07, 2019 10:26:23 AM
The shaded blue range should be treated as strong support. The decline stopped at the top of that range on Monday, and the trade on Tuesday was an Opening Gap Higher (a bullish open). So I pulled the trigger twice: once to buy the stock, again to sell the Calls.
Buy-Writes are cautious trades anyway so taking it after the stock had already dropped from 34-ish (a near 20% drop) was a good idea IMO.
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