STEC, Inc - (formerly SimpleTech, Inc.) (STEC)

[leemalone2k3]

The gap I want to see filled is the gap down on earnings in early Nov. Even if it fills half of that gap, most would be happy. As I stated, all I need is for STEC to stay above 15.00 and I'll collect a nice premium, and I have downside protection to 13.75. I'm already up 30% on this trade so if it pulls back, I should still be able to make a decent profit.

Im not sure where you went long, but have you considered selling some covered calls to protect your position? Its a nice strategy if you believe there may be a pullback.