Below is a daily chart of Riot Blockchain, Inc. (RIOT).

Trade:  Consider shorting Dec (12/29) $15 naked puts (7 DTE) for $.50/share (currently $.50 x .65), time decay trade with high 210% volatility.

Technical Setup:   Holding after gap down to r20-MA daily.

Option Strategy:   Short Naked Puts (SP).

Stop Loss:  None for now.

 

Happy trading!  If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com

All the best,

Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method

Dan Gibby
Chief Options Strategist

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