Wednesday evening

Wednesday afternoon

Wednesday morning

Gator's Chart of the Day: NTAP

I got into NTAP last week and I am a nickel in the red on some Oct43 calls.  I like the stock and I like the company.  The short interest is 8.25% of the float and it takes 5.4 days to cover.  There is a dividend (no matter to me) of 1.4% and the P/E is a modest 13.7.  The company has essentially no debt.

The Trade
I am looking to add to my position and my trigger will be when the stock trades to 43.22 which is 10 cents above the horizontal line on the chart.  I'm looking for at least 47 and I'll be out if the stock fails to hold the 50 day simple moving average.  (Earnings were announced 8/14.)  If the price does not move up by Friday around 1:30 EDT I will probably dump the position and look to re-enter next week with a different month and strike.  (I don't want to get eaten up with time decay.)