Let's Talk about $BLNK
Crayons:
https://imgur.com/nm461Pt
TA:
- 8/21 Cross on verge of happening on the 65 minute chart.
- bullish divergence on the 65min RSI
- TTM Squeeze indicating a push up on the 65min
Speculative / Drivers
- Short Interest is 47.99% Of free float
- There are 7.68million shares covered in 13fs
- 20 million total shares available in float, with 13.29 million being borrowed/shorted
Thoughts On Entry:
Break of 38.99 gives confirmation of a long entry
Options and strategies in play:
4/16 $40 strikes -
5/21 $40 / $ 50 Vertical Spread - Cheap Cost of entry - good return potential
Theta In play:
Sell 4/16 $35 puts - potentially 9% return on capital.
Sell 4/16 $40 strikes - Potential 17% return on capital
Swing Equity:
Enter Shares, Sell monthlies - capture gains, and cover potential losses with premium gain
What i'm doing:
Synthetic long.
Sell 4/16 $40 Puts (assignment price $33change) Premium capture - $700ish - Take Premium and and purchase: 4/16 $38 calls.
Risk? the 4k per contract you put up as collateral, if you lose you come out of this with equity that you can wheel your losses out of.