GOOD - Looking To Short @ $21GOOD appears to be in a C wave zig zag correction that a 1:1 would see hit 20.83.
There is distribution resistance in that area as well as the 50MA and so there could be plenty of selling in that area.
If it can print a wicked shakeout reversal pattern through resistance and 50MA then I will enter a short looking for much lower lows.
Not advice.
0IVQ trade ideas
GOOD- Writing A Call OptionThe covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.
Another great example of using your retirement saving to make more money conservatively, then bank would with low interest rates.
Symbol: GOOD
Current Price: $17.57
Purchase Price: $17.57
Num. shares: 100
Total cost: $1,757
OPTION:
Write
Option: 20th Apr $20.00 Call
Price per option: $ 0.50
Contracts: 1 x 100
Total cost: $50
Maximum Risk: $1,707
Maximum Return: $293 at a price of $20 at expiry
Break-evens at expiry: $17.06
*BIG QUESTION IS: making $300 in around 50 days a good enough return of rate for you?? If $20 is hit, then your stocks will be sold and you get both your $1,707 back and make $293 return. You Win!! Then just do it again and again.