I like this stock very much, I've made big gains with calls, covered calls, CSP and with the stock itself. It's very technical and I think it will hit the 14 level by the end of the year so each time it pulls back it's an opportunity to buy more. This time is not different, there is no setup yet that's why I sold CSP strike 8.5 expire 02/09. I sold them a great price, around $95 each. Still a good opportunity to sell more CSP, at this level it's going to take some time to build up a setup and in the mean time the puts will expire worthless. If price keeps dipping, that's fine, I'll collect the premium anyway and I don't mine buying at 8.5.
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What a great stock, never disappoints. I just bought back my CSP at almost nothing, I needed the cash held off by the broker. Still have calls expiring on March. Just bought Roblox with that cash.
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Just sold CSP again, expiring 02/06 strike 8. The stock was downgraded just after earnings that's why it dropped. A little trick that the market plays to buy the stock cheaper. So I'm buying cheaper.