Sold the Aug 85.00 calls @ 4.80! It's pretty simple when CMI has gone from 100.00 June 3rd down to 82.00 with a upgrade today to go along with that and a market were the S&P dipped to the 1325 support and bounced. To me thats worth a 3.20 per contract risk to be able to hold thru earnings and into Aug if i needed to get bailed out. I'll be back to scalp this thing again and you should to! Good luck folks
Um, you might do better to look at some in-the-money calls, like maybe the August 75's. Even if you turn out to be wrong on the price direction your pcontracts will still have some value when you close them out.