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While the rest of the market has been making lower lows, CRUS has been making higher lows and consolidating. I’m looking for a retest of 25 then maybe up to 27.
I like buying the Dec 25 Call for about 1.70 once CRUS breaks 23.75. Stop on a loss of 22.50. Initial target is 25, so take 1/2 size off there and then move your stop up to 23.75.
Earnings are at the end of the month so we want to exit before then.
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