Thanks for the reply. I missed the run up but so far so good on my puts. I’m targeting 55.45 for an exit. Hopefully it’s hit in the next 2 days. That would be about 240%.

I kinda feel greedy now, by not closing out completely. ( I did take some off the table)

https://i.imgur.com/NX8ciSo.jpg

All can say is that CALM is in a parabolic uptrend & parabolic uptrends typically don’t end well. Not that it can’t or won’t continue to go higher but I can say that I don’t chase stocks this far into a parabolic run. Other than the sharp advance, I don’t see much that stands out to me on the daily chart but here’s my weekly with the stock running into pretty significant resistance; the ATH from it’s last parabolic advance back in 2015 which was followed by a nearly 50% drop. Back then the stock did manage to put in a marginal & divergent high following the break of the parabola (purple line) so maybe that happens again but no way to say with confidence. You could position long on the first pullback to that 51.42ish support with a stop somewhat below & try to game one last thrust up but just not my cup of tea since the R/R doesn’t not appear favorable. Best of luck & congrats if you caught a good part of the run so far.

They are an egg producer. Price of eggs has shot up because about 20M+ chickens have been slaughtered because of the bird flu. The news made me do research and find the stock.

The chart looks ripe for a pull back that may be starting today.The stock is about 3.5% below a trendline that goes back to the 2015 bird flu outbreak.

I purchased 14APR22 57.5 PUTs

https://i.imgur.com/lqqJmTx.jpg

https://i.imgur.com/zUX7Eo7.jpg