This is another of the blockchain mining companies out there. It went up $4.40 (59%) today to close at $11.84. I think this has the ability to run up to $25 with bitcoin running up as it is lately. Thinking this is similar to RIOT and MARA but maybe not as big.
For substance this is money I don't mind losing a bit of. Already have a 10% trailing stop loss on it.
I bought 500 shares at $11.50 this morning. Also thinking of buying the Jan. 21st 2022 $5 call option at $8.05.
My thinking is if it runs up like I think it should I can sell all or a part of my 500 shares then let the option run until I'm happy with that profit.
Thoughts? I'm kind of new to the option strategy so any advice is appreciated. (thinking of Metfan here).
For substance this is money I don't mind losing a bit of. Already have a 10% trailing stop loss on it.
I bought 500 shares at $11.50 this morning. Also thinking of buying the Jan. 21st 2022 $5 call option at $8.05.
My thinking is if it runs up like I think it should I can sell all or a part of my 500 shares then let the option run until I'm happy with that profit.
Thoughts? I'm kind of new to the option strategy so any advice is appreciated. (thinking of Metfan here).
