Pinned straw:
chart Update Fri 26th July
I would love to own this stock, however I must wait quiet some time. I believe we are already in a large C wave down with w(ii) up completing nowish. This then allows me to plot 28.93 ish as the next major pause in its journey for a large w(iii) down. Im not placing waves (iv) or (v) yet until I see how the stochastics looks when it reachs the bottom of w(iii), although it should then bounce for a w(iv) and then back down to 25.05ish for w(v). So now I wait.
Ignore the time frames as plotting Fibonacci numbers doesnt take into account how fast or slow this could happen.
@Saiton I hope you are somewhat right.
I’ve got some September 19 $34 covered calls (currently in the money) coming up soon and I’m hoping not to get exercised or have to roll my position. I do think that the SOL price has become pretty fully valued right now. I note there is a 51c per share dividend scheduled for November and an earnings call scheduled for 26 September as well (but neither of those events come in time as a catalyst to help my options expire nicely out of the money allowing me to keep the 63c premium when I originally sold them).