IONQ.... it's has been trending within a range of $10 between $46 and $36 for the past 4 months. Have been selling covered call options with strike about $46 since. But the past 1 week, the share price has suddenly broke out of this range closing on a high of $55.60 as of last Friday.
The share price has gone up mainly for 2 good news, 1 being an acquisition of Oxford Ionics and them landing a huge contract with the US Air Force research lab.
We should see the price to be stabilized after the initial 'party time' and moving gradually higher thereon.
Will try load up a bit more with cash secured put with strike below $50.
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- dong123·09-16Sounds like a solid strategy1Report
- JackQuant·09-16Thanks for sharing!1Report
- AuntieAaA·09-17GoodLikeReport