Stead signed on loan last month with a view to a permanent move in the summer, and he wants to see out the campaign before making up his mind.
"Things are up in the air until the end of the season," he told the Coventry Telegraph. "I don't want to make a decision until the end of the season because I think that's the right thing to do. But in the off-season I need to be sorting myself out.
"Everything has gone really well so far and there are a lot more games to go, but I am definitely enjoying myself here and I can see myself being here. But I want to forget about that decision for a couple of months and enjoy my football."