Reasoning:
1) Technical indicators are showing buy signals and looks like a cup and handle is forming.
2) Fundamentals are strong with this company thus long term expectation is bullish.
Entry Point:
Long stock plus May 145 short call for a NET DEBIT of 129.05.
Exit Points:
Primary Exit (PE): Covered Call expires worthless, short another call. Repeat until fundamentals change. Secondary Exit (SE):
Bullish: Will look to roll short call up and out.
Bearish: Convert to collar.
Posted by calendarguy 