CRWV has been very strong And surprisingly stable. The stock has ran up almost 350% of gain since it caught media's attention.
With the stock Peaked at 187 about 2 weeks back, the pull backs have been quite minimal. As of last close the share price barely dip below 10% from it's high, finding support at the 20EMA, a very strong and bullish sign IMHO.
Perhaps need a major negative catalyst in the market to bring it back down lower, otherwise the share price may stay elevated for long time to come.
Been selling CSP at much lower strike, the strike where I would then own the underlying if the stock do pull back. However these put contracts have been expiring worthless, while got to keeps these premiums, have also missed the possible gain with the share price kept going higher.
I guess will require a lot of patience in this one. Will have to wait for earnings if there isn't any other external catalyst to bring the share price back lower.
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