I have been trading this stock all morning, it is great. Furthermore, selling covered calls that expire in 2 days has yielded more than the profit you made off your trade. Although taking a profit is the best, a covered call at these levels is a good backup plan if you are negative on your trade.
Thanks. I really don't know any options strategy though, by nature I'm an old school value investor. I was just in and out for 20 minutes on a dead cat bounce, the key was when it double bottomed. When I do a bounce it has to be a very liquid situation, it was either this of RAX, which as it turns out may have been better.