If my thesis on BTC pump this week is correct, RIOT is heavily lagging the move. Riot is not my preferred miner, but a lot cheaper to swing trade or sell options on than Mara and CLSK. I choose riot this week specifically because of the net negative vs. BTC price action lately. I am entering call spreads 10$ strikes with early July and Sept, plus I sold some puts to hopefully buy them back for much cheaper if Riot prints.
-Short-term target 12.4$, lots of resistance here but could pump right past it
-Medium term is 15-18$ depending on BTC
-Short-term target 12.4$, lots of resistance here but could pump right past it
-Medium term is 15-18$ depending on BTC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.