benjihyam

$HUT run it back turbo targeting $30ish range

Long
benjihyam Updated   
BATS:HUT   Hut 8 Corp.
I've been very bullish on $HUT. Made a good amount of money on the move up and derisked at $17 thinking there would be a pullback. Now we've had a capitulation move down and have now reentered my position w/ both spot and calls (I've averaged in all morning between $12.90-$13.70).

Thinking we're going to see a massive move up over the next 1-3 weeks targeting the $30 range.

Let's see how it plays out.
Comment:
Bought a lot more calls today
Comment:
Pivot tomorrow. I expect the run to start tomorrow and end sometime before the 26th. I bought a ton more calls before close today and in the morning.

I have calls:
1/19 $13C
1/26 $13C
1/19 $15C
1/26 $15C
1/26 $20C
2/09 $30C

Let's send it higher and make some money.
Comment:
I've added a lot more hut down today. Let's see. Hopefully I didn't get my pivots wrong. A scenario could be that the last pivot is what sends price higher. But I'm sticking with my thesis. Either going to be very right or lose a lot.
Comment:
Think this interpretation of the timing will be more accurate:

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