CGSP: trade ideaCGSP is on the verge of breaking lower.
This chart looks like a perfect risk to reward setup on the downside.
the only caveat is earnings approaching, waiting for the reaction.
CSP
$BOIL Nat Gas play scaling inBOIL is a very volatile ticker that follows NG Natural Gas Futures
Scaling into CSPs ( cash secured puts) OCT 45P trading at $4.90 here .
Used some of this premium to buy OCT $80 calls at 3.65
A bit of knife catching and mean reversion speculating here
If we get one more flush, will do final scale in .
I'm comfortable to roll or even be assigned shares as there are juicy premiums !
Higher risk trade idea, playing with profits !
$COIN going on vacation selling putsGoing on vacation out of the country for a few weeks. I like selling OCT $60 puts as an idea to help pay for the trip and more of a hands off strategy.
Coin is down -10% today and been putting in high beta moves. However with a nice volume shelf and demand in the 60 zone, I don't mind selling cash secured puts for 6.75 in credit.
Worse case, I get assigned and start wheeling on this juicy name. Will start trimming at +30% or so depending on time. I really don't want to be checking the market while on vacay though.
Cheers
CSPBTC 1Dhi to all .
Broke a long-term downtrend line and now priece is above and Strong support.
rsi , macd and mfi are in good zone.
resistances and supports Marked on the chart.
thank you.
omid arab.
