You can view my last series of posts on this trade located here.
PVG has played out exactly as expected so far. At T1 I wrote 21 calls and since bought back 16 of those calls for an average gain of around 35%. PVG has been holding support very nicely around 6.25 which also coinsides with the 50 and 200 ma. Should we move higher I believe the odds are good that we breakout above 7.50 this time around and head towards 8.50. Around the 8.50 level I plan to write more calls against my current position of 3100 shares in PVG.