Today RIOT smacked the previous high and stop like it hit a wall. Lets see this baby break out and it will be off to the races. Look at the beautiful long term basing pattern. The stock has been strong and this could explode
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end of week update - Broke the previous $46 level and marched up to almost $53. The rule they say is look for 50% of the move, which would make it about $21 and put it at $67, sounds crazy but why not! This thing moves almost step to step with Bitcoin, so chart patterns arent quite as reliable as if it were a normal stock so be careful and expect some wild swings in price. I've been riding this move all week with a little bit of caution.
One trade that I've put on aside from owing stock, and buying a call option is to sell a $5 wide put spread at the money and buy a call, or for even less risk buy a call spread thats $10 wide.
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One trade that I've put on aside from owing stock, and buying a call option is to sell a $5 wide put spread at the money and buy a call, or for even less risk buy a call spread thats $10 wide.