Replies to post #6146 on Options Think Tank

[jimmenknee]

Sorry have been absent from posting past few days Denny. Have just enough time to place my orders (if any) and leave in the morning (be in a similar situation thru mid-week).

Still holding SKUL Dec 7.50C (#msg-81376664 ), MU Jan 7.50P (#msg-82328604 -- may strangle e's due 12/20 AMC), and GPS Dec 32C (#msg-82565907 ). May have a go at KSS Dec 44C as another $1 move possible by Friday (#msg-82431341 ).

Also LINE is just getting on my radar for a possible BB/ADX Pincher trade in a few sessions or so (Jan Calls).

[jimmenknee]

IOC re-primed off Pincher setup into Cup-n-Handle. 2x tickles the Fibs 38.2 retrace. See if it can pop the Cup and break thru...

Cup-n-Handle target ~ $70.25. Options target @ $68.00.

Assumes:
Stop: 57.50
Target: 68.00

R:R= 4.1:1.1

Options: Feb 60C @ 3.55; Est Intrinsic: 8; Est Gross Profit %: 125.35%

SOIR: .85/97%
SVI: 0.42/1.07-0.42

updated chart: #msg-82371962