You forgot to remember the distribution announcement. This is the easiest stock around to make money on. Just remain flexible. This IS NOT brain surgery.
Never changing your position means you WILL be wrong, when the situation reverses. Go with the flow.
I agree. Never underestimate the power of that one or two more distributions. Last time I bought puts in the 18s and sold them when it was in the 13s. This time I went short in the low 20s so my breakeven with the distribution(s) in the 19s now. May put in a stop at 18.50 to preserve a bit of profit so as not to become a reverse bagholder.