Wow, just look at this stock. It seems like it's going up until eternity. We all know that one day it will correct itself and bounce back giganticly (well most likely, not necessarily).Resistance level keeps going up and the support line also. Does anybody notice another pattern or anything?
If you can't see what's going on in this image, please use Telechart and JUMPT TO CCBL.
What do you think? Time to buy stocks and buy a put for insurance?
What I definitely wouldn't do:
- write a put option (very risky)
What you could do:
- buy stocks and write a call option that has at least 2-3 strike prices out of the money.
- buy a call option 1 strike price out of the money.
What do you think?
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