SRS was highlighted in my July 6th Blog. At the time, it was trading at about 110. Today, nine days later, it is up 10%, trading around 121. My October 120 calls are up about 60%. All this while the market has been in a downward spiral. But that's what SRS was suggesting when it was breaking out in late June and early July.
Here is a current chart as of Tuesday morning, July 15th. No annotation is necessary. It doesn't take a rocket scientist to guess where SRS is headed. Nonetheless, if it starts to come back in, I will protect my gains. There will always be another idea for another day.