With the market popping this morning, IQ is trading to the upside.
I am going to suggest you book the profit on the stock.
This is primarily because they report this afternoon and I would prefer not to have an adverse earnings report work against the position.
Sell IQ at the market, which is $18.17.
The gain on the stock will be $219, if you traded the suggested 300 share lot.
If you add in the call premium collected, the overall return will be 6% for 10 days.
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May 18, 2020 - Quote of the Day