Select Page
11/17/2020Binck+ Put1018.00


RIOT made a killing going about a 48% due to increase of Bitcoin to over $18K.
It’s like pump and dump and I suppose it will go back down.
I don’t believe it will happen this week, but maybe the next.
Therefore I made a combo for December 18.
I bought the puts to close, once it loses at least 10%.
Then I made a call spread, just in case it does go up I don’t lose anything, ending with about $6. (maybe a bit for transactions costs to close).
Bought the puts at $82.
It’s an interesting model and I should test it on others.