11500 was the key level. The last move down did not quite get to my target of 5k but I am still long term bearish. Price came back up to a major weekly Ichimoku resistance and held last week. If this move follows through it could continue all the way down to my afore mentioned target. I've effectively hedged my Bitcoin holdings at this point to be delta...
ARE triggered an alert on the Weekly level for a pre-earnings play. Volatility is creeping up so it should offset theta to a degree allowing me to capture delta if it makes a move to retest the high prior to earnings.
I don't like the volatility spike but I do like the reward potential on a pre-earnings move back to the high. Going to take a short term Call Option to capture any volatility increase as earnings approaches as well as a run-up to retest the high prior to earnings in a few days.
Establishing a long position in EXR as my first Option trade of 2018 for the Veritas Fund. Ideally as the stock moves up over the life of the trade I'll be able to sell shorter duration Calls against it to maintain positive theta.
