Ticker: VIAV - Viavi Solutions
Position: $45 Call
Expiration: 6/18
Entry: $4.60
Contracts: 1 (Total: $460)
Current Stock Price: $41.11
Breakeven: $49.60
Thesis:
Bullish continuation play β looking for upside momentum into mid-June. Needs a strong push above resistance to get ITM.
Plan:
- π’ Scale out near $49β$52
- π΄ Cut if premium loses key support / momentum dies
- β³ Time decay in play β watch closely into May
Status: Holding β watching price action closely π