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AcousticHockey

05/12/11 10:58 AM

#13078 RE: Breakout #13075

I may try to play it safe. I know that the current strong resistance point is at $249. I will be looking to liquidate when my calls reach $8.50ish (which would put the stock around $247.50 or so). Reason being is that the potential risk is far greater than the potential upside. Premiums will have basically run their course and to really go much higher I would be needing for the stock to break the huge resistance point. Once I feel the risk is greater than the upside and premiums have run their course (they've slowed down with increasing) I'll be making my way to the exits.