A major bottom is forming in the company everyone forgot about.
I'm long the stock and bought calls: $7.5 strike exp January 15 2021
Price action on the daily is similar to Pinterest before it exploded higher:
I'm long the stock and bought calls: $7.5 strike exp January 15 2021
Price action on the daily is similar to Pinterest before it exploded higher:
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Today's intraday rejection is bearish. Stop at 4.60
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Showing some relative strength as it breaks from this coil.
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5.30 is a huge level. A break above that can send BB much higher. I own LEAPS (long dates options) as a low cost way to be long. I don't want to use too much liquidity on BB as there are better trades to have my liquidity in for the time being.
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I strongly believe the move to the upside is going to be explosive:
I'm long common stock and January 2021 $6 calls
I'm long common stock and January 2021 $6 calls
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Selling 75% of my LEAPS in the form of a sell stop just below today's low of the day. The options are up 1000% today and 300% from my purchase price.
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Oh what a gorgeous time to get back in... Reversing just where we need to.
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and there she goes: