GitLab Inc.Long
GTLB and me. I am happy with this stocks response from the 52
I am confident in this stocks long term investment potential. I will be moving in the direction of Cash Secured Puts to keep things as conservative as I can in this market. I will start with June 40P for a bid of 4.20 Or Better. that is an initial credit of 420.00 per 100 shares. Assignment cost would be 40-4.20=35.80 this keeps me in my desired price range as I do not want to pay more than 38.00 per share. I will be looking for a 9 month hold and will keep flipping the option should we see a hold on the Pivot support levels. My initial target is $65.00 within 9-15 months.
Note
As you can see we started attacking this stock at 40, Along with those who also agreed with our Long assessment. I still think this is undervalued. and we are still able to lock in strong theta around the 45-50 Strikes. Long term Out look is 70+
MR1%
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