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Wednesday, July 15, 2009

STEC Still Bullish. I May Let the Options Expire and Take the Stock

As an update to yesterdays blog post Research + IBD = Very HUGE Profit I did not trade out of my STEC Inc (STEC) 17.50 call options today, as the chart is still bullish. I have stop losses set for $9.60 per option contract. I may let the entire position expire in the money as STEC brings nice premiums, and I could write in the Money August 25's for a very nice option premium. Will update accordingly. By the way IBD still rates this stock a 99 STRONG BUY!

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