Rounding bottom

Güncellendi
Rounding bottom formation since September 2022. Is testing the broken resistance, if it breaks down to the next support I would buy more. Is a highly volatile stock, set your risk reward accordingly.
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Just so you know, this stock high covered calls:

Example, selling 1 covered call exp 09/15, strike 2.5
Call cost: 0.2*100 = 20
Current stock cost: 2.06

% = (20/2.06)*100 = 9.7%
You make 9.7% buy selling covered calls and holding the stock until expiration on 09/15, less than a month.
If the stock is assigned:
= [100*(2.5-2.06)+20]/100*2.06 = 31% total in less than a month

If you buy 100 stocks at current price, write a covered call you get 31% of $206 ($64) if the stock is assigned.


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I just sold a lot covered calls marked up below, I got good cash of them. If the stock is assigned at 2.5 is a good profit anyway. If the stock for some reason triggers my SL, before it does I'd buy back the covered calls to close cheaper than I sold them, so the loss wouldn't be that bad.

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Sneezing into the triangle:

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İşlem aktif
Inverse HS at the uptrend support:

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No big fan of MA but the 50 MA in the weekly has worked as a support and resistance in the past. Still holding this and cashing covered calls. When they expire I'll write more.

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Still holding, all the covered calls expired out of the money :). We could see a huge break out, let's see:

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Still holding this. Price is sitting on the psychological 1 level. Tomorrow they release earnings of the last Q. Let's see how the market reacts.
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Price keeps trying to break the 1.22 but it is rejected at any attempt. It might pull back to 0.90 support before trying again. Hard to tell where is going. Also will probably consolidate between those two levels for a while until has a clear direction. I'll give a few more weeks to plan my next move. Still holding.

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Apparently is forming a double bottom: I might add next week:

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Finally is doing something:

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I'm adding, it's pushing for a break out

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Yes!
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I'm closing my position at 1.6, hope it gets there. Took some time:

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breakoutHead and ShouldersroundingbottomSupport and Resistancetesting

Aynı zamanda::

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