Well It Held For Now AnywayLK In attached idea from yesterday, mentioned LK was approaching lifetime support trendline. When it hit it today I went ahead with two Sept 20th C22.5 for .15 apiece. spent a total of 30 bucks to see if LK could hold this support and bounce back to at least the bottom of ER gap. Was pretty close to letting them go when it dipped all the way to near 19.05, but glad I held on to them at least for the moment. Now trading at .23 apiece, represents just over 53% gain today. Hoping it holds now, but I have stop loss on my options at .20 now, so trying to lock in a minimum of 20% gain from these. If it breaks support and triggers option sells, I will just look to get long in stock on LK when it begins showing bottoming signs. I will absolutely not attempt to time a bounce. That's how your hands get sliced up...Happy hunting and GLTA!!
