I initially had some puts on RIOT because it was rejecting off the 200-EMA on the daily chart, which is usually a bearish indicator. I sold my puts at the beginning of the week for decent profits, but I started selling calls on riot instead and its paid a lot more. I think RIOT can go as low as $20, which was my original target, a breakdown of $20 could result in RIOT dropping to $15.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.