Watch COIN - buy calls for pre-earnings rise
This is an update to previous chart (linked). I am looking at strikes between 250-280, 18Feb expiry. Price should drop into "buy zone" if cryptos crash (this week).
The red dotted line is also marked on previous chart. I think buyers will rush in and move price back over the line, and I do not know if price will actually come all the way down into the buy zone. So if on 30m chart I see signs of bottoming or trend reversal, I will buy a small call position. 18Feb expiry - using less capital - gives me time and comfort to hold for an upwards reversal.
The red dotted line is also marked on previous chart. I think buyers will rush in and move price back over the line, and I do not know if price will actually come all the way down into the buy zone. So if on 30m chart I see signs of bottoming or trend reversal, I will buy a small call position. 18Feb expiry - using less capital - gives me time and comfort to hold for an upwards reversal.
Note
Just entered good till cancelled" buy orders for calls:1 contract 18Feb 250 strike for $5.00
2 contracts 18Feb 280 strike for $2.00
This is a low capital risk trade. If I am not trading and stock opens lower or drops I will obtain these calls at a great price.
Going by closing prices, stock could hold 220 and bounce... if so I will adjust. Even though price has been holding 220 I think it may break... I am looking for selling to rise on 30m chart.
Transaction en cours
COIN opened in the buy zone today and my GTC orders (comment above) were filled at 4.10 and 1.70. Since it is only 3 contracts total, I can now choose to add a few more at even lower prices or wait and hold this small position. I will exit if COIN breaks 200, and my actual loss will be very small.Transaction en cours
I am keeping my 3 contracts and holding COIN now even below 200. IV is up and my loss is so small I can hold for a turn around. Also the expiry gives me time.
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