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Sean HymanSean Hyman
Keymaster
Post count: 4541

It was super-quick for sure. Rare.

Hardly anyone was itching to buy IBM or touting it on financial TV, etc. Yet we made a quick 10% plus dividend in 2 weeks. We enjoyed catching a massively oversold bounce higher for sure, both on daily and weekly time frames.

It being in the bottom Bollinger Band on both daily and weekly charts helped the quick snap-back. Those can be favorable conditions for buying call options at or in the money with a long expiry too.