IA Trade Alert (Patreon)

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I added 60% to my CLSK bag - Note also this is the equivalent of buying CLSK at $6.99 to $7

Per the chart, there was a buy signal but I waited for the Trend to turn which it did at $6.96

Rem it was nearly $14 25 days ago 

I still see CLSK as best miner per my model which has been solid in identifying winners and losers. 

I entered into a combo of SL's - selling $5 and $7.50 puts to fund my $5 calls. I am pretty much all the option volume so they took time to fill. 

Breakeven on this trade is a net debit of 70 cents - but I need CLSK to be above $7.50 by Jan 2025 in order for my puts to expire worthless. In fact, my net debit on the $5 calls is less than 70 cents. 

If CLSK goes back to $14 (price 25 days ago) the ROI on this trade is $8.3/.70 = 1180% - VERY HIGH RISK but also very high reward. 

We may chop sideways up until the halving 86 days away,.... but I am setting up positions.