Replies to post #143 on Maksims Covered Call Options Forum

[Fred Kadiddlehopper]

Yes, I was with you on the reason for the put, i.e., that CY was overbought. I confirmed that chart wise and in comparison to other techs like INTC, NVDA, and CSCO, all of which already had their pullback.

Thanks to your comments I see that there is no time premium in the price. However, you do continue to risk a loss if the pps goes higher, no? Concretely, what would be your strategy if, in the next week, the pps goes to $5.90? How about if it goes to $6.20?

Thanks again. Your comments are very instructive.
Regards,
-Fritz