on west-water, to put it simply, we're in a consolidation and basing phase here. Notice that the volume is really low. I think we're going to drift here for a while, likely between 4 and 5 before the next major move sets up. The premium is anemic with the volume being low, so we just have to wait for volume to return. If you want premium out of this right now, the only way is through a modified iron condor. The R/R is crap though. You could sell November 2.5P for $0.30, but that's a long wait for a 12% premium
I will probably shift some accumulation attention to UAVS for a while.
You don’t trade for money, you trade for freedom.