Looking to buy Call options for RIOT. Depending on how BTC reacts to 38000 resistance level will be the determing factor to if I buy these call options. If we see a break at 38000 then RIOT will more then likely trade down to $10 a share, this is where im looking to buy in. However if we see a reversal at 38000 then RIOT will likely trade into 11.5-12 zone. If we dont see a reversal at 38000 then im speculating market will retest at 36000. The exact play im looking at is a RIOT 11.5 Call Expiring May 6. Entry zone is $10 area and Exit Zone is 11.5-12 area.
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