The stock rebounded about 10% this week on news of a continuation of a partnership deal in connection with a joint product. The stock is still below the strike price. Stop levels are being watched carefully.
There are still results pending on a product testing. Since the partnership is for the same product that is being tested, the announcement of the partnership allows for some optimism about the results of the tests being made. That is probably the reason for the rise in the stock this week.
Capital was also added to the account. If the trade lasts to expiration, it is projected that there will be three more times that capital will be added to the account before the next trade is made.
- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade.