Correction: Pull back to the 50MA should trigger the bounce. The 50 is constantly changing so you cant really quote a specific value. Are you still contending you "certainly don't see it falling below $7"? Just curious because I will be shifting gears on this soon so as not to be too greedy. I sold a heap of $9 calls and bought some $8 puts back when I posted that and they have done well. I definitely want to remove those positions soon. Today was a gift!
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