NTLA establishing new support ~16.25?

١٢ يوليو ٢٠١٧

NTLA rejected off the 17 level and retested high 15s as expected but looks like it's establishing a new support level around 16.25...If so, a couple hundred of my shares will be called away next Friday at 15.78 avg. so I'm waiting for next nice red opportunity to sell more 15 puts on this to keep reducing avg. cost. While I'm long CRSPR stocks (NTLA, EDIT & CRSP), I'm concerned about NTLA's recent filing suggesting they may issue secondary so will just keep selling puts & calls to avg. down until it falls < 12 again which is when I'll plan to load up near my full desired position amount. If you're looking for first entry, sell the 15 puts and collect cash til you get assigned shares:)