... for a 1.20/contract credit.
Notes: Ranked second in my exchange-traded fund watchlist for 30-day implied at 57.1% (MJ's in first place at 73.1%), selling premium in the April monthly (45 Days 'Til Expiry). 2.27% ROC at max as a function of notional risk; 18.4% annualized.
Lithium has been one of our most successful 'explosive' trades and it has proven as right.
Our first post on June 17, 2020 was the beginning of a series of trades on our ETFs account and the price has over-doubled ever since.
Later on we posted this about how 'Lithium is power' and indeed we had a further rise of over 40% until then.
At this stage we...
If it holds the 1.618 from the previous all time-high to all-time low at 67.94, it's a buy. Daily closes below that level should be the stop loss. If it corrects to 48, buy with both hands.
I've been watching this ETF for a while, always trying to buy at the exact point but couldn't just because I was afraid that it would go down just before I buy. Since November is been acting with divergence with its RSI so I waited, and now I think the pullback just begun so I'll keep waiting but more active. I like to buy when the price tests its MAs, especially...
Check our previous idea here from June - i think we bought at a perfect time.
Lithium= electric car batteries...but how long can it rise? This is very hard to say
So, share of "lithium" in top technologies is rising
Argments:
-Strong eco and anitcarbon trends (look energy XLE)
-EV part rising, EV gorvernment programs
-battaries is main part of EV and lithium is mainstream of battaries. Even with hydrogen technologies, lithium is bottleneck in EV tech
