All,
An excellent point. Yes, it's been going down quite a bit recently. Let me share my trade rationale: In my mind the recent downtrend is a good thing for CSP sellers because the implied volatilty is relatively high and the premium is relatively good. TSL is a volatile issue, I'm not trying to pick the absolute bottom, but instead go with a small csp position to gain income. I wouldn't mind holding TSL at 17.50 (minus 0.45) if assigned. Then it will become a cc candidate in my portfolio.
Michael
www.safe-options-
--- In ConservativeOptionS
>
> TSL HAS BEEN GOING DOWN FOR 3 CONSECUTIVE DAYS. THE NEXT SUPPORT SEEMS
> TO BE AT THE $16.00 AREA.
>
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