I’m going to update this trade by taking it off “Actionable” and tagging it as a “Hold” trade. We got the bounce we were expecting from the oversold gap down we bought on 1/21/21 for $10.90. These calls reached a high of $17.80 today for potential 63% gains. I’m targeting at least a return to $20 value or higher, giving us a profit of around 83%.
Depending on how quickly it reaches the target within the 137 days we have remaining before expiration, I will reevaluate and potentially move up the target price and not exit at the target level. I’ll keep everyone posted!