STO EA 160429 67.5/69.5 BeCS for $0.52 crd.
EA is on a squeeze and has tried to penetrate the 67.5 level 3 times and failed. There is a higher probability of EA going down as it has done on the previous two similar up moves.
My expected target is the 61.8% retracement of this up move, which is the 58.12 level.
Earnings in 31 days on Thu May 5 AMC. This position will expire in 25 days, so no IV increase due to earnings.
Will get out if EA closes above 67.33