Its funny how......., page-12

Anyway that was just one trade. It was OK.
Everything under control.
Plenty more out there.

What about a vertical call credit spread ?????
That is sell NAB july 32 Calls and pick up your 170 premium and buy NAB july 34.5 calls @ whatever they were yesterday say 55. Your credit to begin with and your maximum profit would be 170-55=115.

Today with NAB going against you you'd be somewhat cushioned and might even stay in the market and await the downturn when you could lift your long leg, ie sell the 34.5 calls and ride out the short 32 calls.
Just a possible scenario that I'm contemplating of late. Those short covering rallies are very stressful and having a partial but delta dynamic hedge in place takes some of that stress out of the situation.