GM: Don't bet against Pickemup Trucks!
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Cyclical stock, truck sales booming online with retail stores closed, lol. Buy em sight unseen, delivered to your door!
Downside at the gap from 22.68, could fill, would be a buy opp if it does. H&S pattern evident, stock had unsupportable runup, trades at fair value.
Either get a bounce from $25 headed back to $35, then $40 at cyclical highs, or 10% correction to fill gap then bull again IMO.
In the Aug $25 calls, short Jul 28s in $3 bull spread for under $2 premium. Keep shorting weeklies against the long contracts to pay for them.
Bought shares in a covered write as well.
Just an idea; not investing advice; trade at your own risk! GLTA!
Downside at the gap from 22.68, could fill, would be a buy opp if it does. H&S pattern evident, stock had unsupportable runup, trades at fair value.
Either get a bounce from $25 headed back to $35, then $40 at cyclical highs, or 10% correction to fill gap then bull again IMO.
In the Aug $25 calls, short Jul 28s in $3 bull spread for under $2 premium. Keep shorting weeklies against the long contracts to pay for them.
Bought shares in a covered write as well.
Just an idea; not investing advice; trade at your own risk! GLTA!
Nota
Would like to see that gap close before adding any IMoNota
IMO we got a 4th wave in DT would not go long here yet.Nota
Starts to look attractive IMO
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