seems to be a pattern...upgrade and slight pop on monday followed by the normal fade. Guessing this will end the week about 78-79. No news to really cause a breakout - analysts just throwing $90+ prices on it and saying buy. Easy to just sell the cvd calls - you should look at the 80s right now.
I still add longer term weekly with small amounts, but the issue with this stock is a warm winter could send it spiraling downward with lowered growth.
However, you are right - it fails to hold gains, but has for the last 6 months - we have been in the 75-90 range...only people making money are traders or option sellers. After the past ER, it should have held 83, but instead fell back to pre-ER levels.
Yeah. I could make a case for DECK being at $100 and AAPL at $1000 but the company and the stock is not the same. Maybe in a few years it will be overvalued instead of undervalued.
In the meantime you have been making good bucks and percentage with less risk. I think I may piggyback on your idea but do it later in the week. The spike and fade seems fairly consistent but fading Friday for options expiration seems consistent too. Early in the week gains a more likely it seems.
I give a rats $$$ as long as I can make a few bucks. I learned a long time ago that I do not have to be wrong over and over to prove I am right. I would rather take $500 in a day or two and repeat. That is real money.