Investadvisor

Etrade currently trading at 1.30. After the previews days tumble, it started to recover and soon i believe it will go to a higher level. My target price for Etrade is 2$ for the next one month.

If you observe the chart, that shows the slow stochastics graph, i'm pretty confident that the stock price will move upwards the following days.

My advise? At 1.85-1.90 write a covered call option against the shares you own for a strike price of 2$ expiring in august.