NASDAQ:RIOT   Riot Blockchain, Inc
RIOT Bull Put spread

37 sold 36 bought, 7 DTE , 25% ROI
Earnings isn't until May 17
BTCUSD 1h is sideways trend, testing 1h supply, broken downward momentum line, with a new RBR

RIOT Strong sell off into March 25 demand zone
1st touch was into proximal edge
2nd spike down yesterday could just be momentum continuation
Pullback into 5min buying zone, unconfirmed demand
Passively selling off on 5m chart today, almost touching the origin base 5m chart VPOC
5 min chart double top highs this morning makes me think there's more weakness above aggressiveness below.
It all depends on the current level at 43 actually holding with buyers stepping back in.

Short strike is 37 tucked into next demand zone down with an aggressive imbalance from Mar 9
I think the current demand zone at 43 plays defense for me and if buyers can reverse momentum and remove supply at 50 it'll be a great trade
If not, I've got the Mar 5th zone as backup defense.

With thanks to @ThetaTrades @alleytrader for the idea
Comment: It was close, but this one expired worthless by a few cents and I kept the credit.

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