OptionsRising

COIN price at a buy point, short swing trade

Largo
OptionsRising Actualizado   
COINBASE:BTCUSD   Bitcoin
This chart provides an update to my trade notes from Friday - the chart is linked. As Bitcoin falls more and there is premarket selling, Coinbase stock price has been at the green spot on the chart. I added this purple line to last week's chart to show a lower support, and price has been holding here premarket.

There is a relief rally coming. I am not buying stock to hold through earnings, probably later today. I have long calls to hold for a short-term swing trade. I am not add capital to my existing trade, which I continue to hold. I will buy weekly 190 or 200 strike calls with stock around 170 and will exit if stock falls below 165.

As for Bitcoin, I see a price bounce soon, but I do not look beyond that.
Operación activa:
Bought weekly 190 calls for $3.70/contract. Only use enough capital that you can stay comfortable through turbulence and wait for price to rally.
Operación activa:
I apologize for the misleading exit comment above and want to explain my trading style. I usually carry few trades at once and sometimes watch the chart to read the price action story. I also see how my options are affected. In this case, stock fell below 165 but closed over it on the 30m chart. My call prices fell about $1, but I was willing to hold and now they are back to my buy price.
Operación cerrada manualmente:
This was the best trade of the day. Bitcoin had already started moving up and COIN was just waiting for the overall markets to start bouncing. Sold the weekly 190 calls for 7.00 and 10.00

I am still holding swing calls, small positions in 18Feb 250 and 280 strikes.
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