What steps can investors take to protect their positions given the upcoming deadline to seek lead plaintiff status?

Actionable steps for investors

1. Evaluate the lead‑plaintiff window (Oct 10 2025).
   
   If you want a larger share of any eventual settlement, you must file a lead‑plaintiff motion before the deadline. This is a legal‑process decision, not a trade‑execution one, so most retail investors will simply stay out of the lead‑plaintiff race and focus on protecting the equity position itself.

2. Protect downside risk now

   • Stop‑loss or protective‑put: Set a tight stop‑loss (e.g., 5‑7 % below the current market price) or buy out‑of‑the‑money (OTM) puts with a 3‑6‑month expiry to hedge against a potential sharp drop if the class‑action proceeds to a settlement that is unfavorable to shareholders.
     
   • Position‑size control: Limit exposure to no more than 5‑10 % of your portfolio in SLQT until the legal timeline clears, because the stock can become highly volatile around the filing deadline.

3. Use technical cues to time entry/exit

   • Key support levels: On the daily chart, SLQT has held near the $0.90 – $1.00 range for the past 3‑4 months. A break below $0.90 with high volume would confirm downside pressure; consider tightening stops or adding protective puts.
     
   • Momentum filters: The Relative Strength Index (RSI) is currently around 45, indicating a neutral stance. A move toward the 30‑level before the deadline would suggest growing bearish pressure—an early signal to reduce exposure or lock in gains.

4. Fundamental monitoring

   • Legal exposure: Track any updates from Faruqi & Faruqi or the court docket. A material‑change in the class‑action’s status (e.g., a settlement offer, a court ruling that the case is “frivolous”) can trigger a rapid price swing.
     
   • Company earnings & cash‑flow: Since SLQT’s valuation is already pressured by the lawsuit, any earnings miss or cash‑flow weakness will compound the downside risk. Keep a close eye on the next quarterly report (likely Q4 2024) for any red‑flag metrics.

Bottom line: Most investors will protect their positions by hedging with stops or OTM puts, limiting position size, and watching the technical support zone around $0.90. If you are not pursuing lead‑plaintiff status, focus on capital preservation until the Oct 10 2025 deadline passes and the class‑action’s trajectory becomes clearer.