We first bought SQ with an Intermediate Term Buy Signal on May 28th, buying the July $82.50C @ $5.30. That call went off the board on July 17th @ $38.69. During that entire time it never hit, or even got close to, its 50% trailing stop. Today SQ generated a follow-on Intermediate Term Buy Signal with the stock trading at $127.50. The calls seem pricey and the general market is playing on borrowed time (as it has been for the past two months). But as we say around here, "A signal is a signal." ----------------------------------------- Buy Signal: SQ ($127.50) Option: Sep $130C (10.25-10.40)
