COIN – My Bullseye Pick of the Week - Bullseye Pick of the Week


COIN – My Bullseye Pick of the Week

COIN Call options near $5.50 – 3 days later $13.60  = 147%

My Trade Plan Details:

      • COIN August, 22 $340 calls near $5.50
      • Stop: Closes COIN below $300
      • Target 1: $340
      • Target 2: $360
My reasoning:
After a couple more weeks of travel and meetings, I am sure glad to be back home.
It was a nice break from daily trading, and I feel refreshed and ready to attack the rest of this year.
I am sure everyone has been watching the rise of crypto across the board over the last few months.  Although we just had another pause, the rally is poised to continue.
One of my favorite oversold plays out there right now is COIN, which has been a sector leader for most of this run.
I think the recent pullback presents a good opportunity to get back into this one, and try to ride a rally higher.
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