Just a relative value play, we need more bottoming confirmation before we take anything more than a "scalp" trade on Bitcoin.
out of the money calls, I think PM recovers big over the coming weeks.
2nd entry, first was $12.83. Usually the first entry is too quick to mention...
Great high dividen stock on a discount. Ex dividend June 21 Took a 2nd entry here, first was taken yesterday much lower.
Taking the longs back to the 5day EMA... buying more under 74 cents if 5 day EMA is not hit (and position closed).
Pretty certain the June 22nd 104/105s will expire in the money... but the profit may be greater selling the option on Monday. Unless we are expecting a push to $110 without any correction, which can certainly happen. Me? I'll take the 2nd half of my position off here. I wouldn't short this though. Too strong, no short term signals yet, no bearish daily candle.
Possible breakout here to the $104-$105 region.
Heavily under owned stock great bottoming technicals forming here and especially at $30/$31 so if it drops more keep an eye out. ENTRY was stock price $32.41
Bearish play for friday expiry
NOT TRADE ADVICE OR INVESTMENT ADVICE.
Closed longs yesterday and trading short here. I expect retest of $13.80 and then drop towards $13.00 to end the week longing the 14.5 calls short the 13.5 calls expiring this week PUBLIC JOURNAL
Being a smart trader. Will buy the dip if monthly chart still looks good.
We can certainly go much higher in the long term. Just taking some off the table during a period of short term over valuation.
This stock has been beaten down so much and is starting to form bullish technicals. The fundamentals are taking a turn for the better too. Do your own research.
SNAP. I exited at 13.45 but didn't post until 30 mins after the open.