Note – ZG are on 2/10/2020.
I apologize for the Bitcoin video earlier today. Microphone issues. Issue will be fixed by Tuesday with mic. :)
1. Short stock (not my preference)
2. Call Credit Spread – Collect premium for options that expire worthless.
A. Jan 17 expiry - 40/45 Call Credit Spread - $3.65 Credit or more received.
Max loss $135. Max gain $365 (credit received).
B. Feb 21 expiry - 40/45 Call Credit Spread - $3.10 Credit or more received.
Max loss $178. Max gain $307 (credit received)
Price hit resistance inside current pattern.
Should head down to fill gap at $34 with support at $29.
Daily trend . Weekly trend about to turn .
cross on Daily at $43.16.
One we get cross and 10WeekMA cross at $40, downtrend will be confirmed.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website https://www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD , GBTC . Short term GDX , SPXS