Ramie 7:23 am on Friday, March 1, 2019

SQ rollup

Rolled $SQ Apr 18 70/60 BuPS up to 75/65 for 1.03 credit. Sold the 70/60 yesterday for 1.65 so total premium collected so far is 2.68.

geewhiz112 7:52 am on Friday, March 1, 2019

$SQ going down and you are raising the strikes? Yikes! All the best
- Ramie 8:10 am on Friday, March 1, 2019
  
  Yeah not my typical trade but I’m really bullish on this stock and been watching it rising in the upper half of the bollinger bands. I was impressed with yesterday’s action–healthy gap down and then a huge move up to print a bullish engulfing candle. I see today as a profit-taking/inside day so I was able to get more credit for a rollup. With the premium, my breakeven is now 73.32 so I’ll hold it unless it gets down to that level.

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