With all this crypto hype, mara and riot rallying to new highs, and BTC continuing its bullish rally, what can we look at that is still cheap and related to these big names like Mara and Riot? ..... Well thats where we have $EBON, a chip design company and a manufacturer of high performance bitcoin mining machines. Now with BTC rallying to new highs this a blockchain stock to 100% add to your WL! Now from a TA standpoint $EBON is currently retesting a multi month downtrend and is looking primed to breakout and start its reversal back to ATH! Keep an eye on volume if we break that downtrend resistance and that will give us a confirmed sign of reversal. Now we have er approaching soon so any long term option contracts I will hold off till then and play the crypto hype short term w/ the ER run up.
Key Levels:
Support: 5.75, 5.21, 4.69
Resistance: 7.20, 7.92, 8.66,10.90
Ways to Play This:
1.Load shares and possibly sell covered calls
2. Enter on the breakout of the downtrend resistance line with month out option contracts
3. If we see a pull back enter on a dip (5.30-6.17) load zone (options or shares)
Option Ideas:
extremely high IV on these tread carefully here
Leap strikes are being added so possible 1/2022 Calls on this
7.5C 7/16 2.90 (Medium Risk: High Reward)
7.5C 3/19 1.88 (High Risk: High Reward)
10C 2/19 .30 (LOTTO)
Key Levels:
Support: 5.75, 5.21, 4.69
Resistance: 7.20, 7.92, 8.66,10.90
Ways to Play This:
1.Load shares and possibly sell covered calls
2. Enter on the breakout of the downtrend resistance line with month out option contracts
3. If we see a pull back enter on a dip (5.30-6.17) load zone (options or shares)
Option Ideas:
extremely high IV on these tread carefully here
Leap strikes are being added so possible 1/2022 Calls on this
7.5C 7/16 2.90 (Medium Risk: High Reward)
7.5C 3/19 1.88 (High Risk: High Reward)
10C 2/19 .30 (LOTTO)
Trade active:
EBON PAYING... CONGRATS IF YOU TOOK THIS!
