well the Slow Stochastic bounce and the actual share price...

well the Slow Stochastic bounce and the actual share price bounce both bounced this week... $5 August 24 calls in at 3.5c average end of last week, out at 11.7 average for a win this week which is always appreciated by the wife who conveniently is renovating the house and needed some cash...

If I was a betting man (which I happen to be...) I would be thinking that there could be another 3-6 days of upward momentum. $5.25 August 31 calls are now locked in, $5.26 puts sold to finance the purchase and $5 puts purchased as protection. looking for about $5.30+ over the next couple of days to turn a profit. If we see $5.30+ in a week then the puts, both long and short close out worthless and the calls get sold as upside.

Should be a fascinating and volatile days trade tomorrow with the profit and dividend announcements... Mac Bank and Morgan Stanley both seem to think the same numbers will come through but one values PLS over $7 and the other at $4.20... can't wait to see where the market decides the price is going... such a fun stock when its in your favour... if its a cracker of a result then all the others will go green too... might be able to close out the put/put/call trade from today.

can't wait to see where it ends the day, would have been nice to have 1 extra day on those $5 calls but a win is a win..