شراء
BGG - The Great Option Play
Alright - this is a play for the degenerate gambler. If you are one of the dudes who buys lottery tickets from the gas station or puts it all on a number at the roulette table, this play is most likely for you.
The Play
BGG has been in a 2 year bear trend and has recently broken out of the trend line holding that downtrend in place. Basically, we're betting on a wave retracement to happen against the longer term bear market, and happen fast. When this come up happens a short squeeze will be in effect shooting up the price to either 7.06 or 11.40
The Evidence
44.69% of all float shares are short as of 06/10/2020 - shortsqueeze.com/shortinterest/stock/BGG.htm
There is growing interest among retail investors:
robintrack.net/symbol/BGG
And up top we see a successful Elliot Wave which incorporates just the first and second move of this entire 5 wave play.
Which Option Contracts?
Right now I have a 30-70 split on the contracts I'm in mixed with July and October expiration, in case this takes off within the next month or so. The contracts specifically are:
BGG Jul 17 '20 5.00 Call - 30%
Charting of the option link:
barchart.com/stocks/quotes/BGG|20200717|5.00C/interactive-chart
BGG Oct 16 '20 5.00 Call - -70%
Charting of the option link:
barchart.com/stocks/quotes/BGG|20201016|5.00C/interactive-chart
The Play
BGG has been in a 2 year bear trend and has recently broken out of the trend line holding that downtrend in place. Basically, we're betting on a wave retracement to happen against the longer term bear market, and happen fast. When this come up happens a short squeeze will be in effect shooting up the price to either 7.06 or 11.40
The Evidence
44.69% of all float shares are short as of 06/10/2020 - shortsqueeze.com/shortinterest/stock/BGG.htm
There is growing interest among retail investors:
robintrack.net/symbol/BGG
And up top we see a successful Elliot Wave which incorporates just the first and second move of this entire 5 wave play.
Which Option Contracts?
Right now I have a 30-70 split on the contracts I'm in mixed with July and October expiration, in case this takes off within the next month or so. The contracts specifically are:
BGG Jul 17 '20 5.00 Call - 30%
Charting of the option link:
barchart.com/stocks/quotes/BGG|20200717|5.00C/interactive-chart
BGG Oct 16 '20 5.00 Call - -70%
Charting of the option link:
barchart.com/stocks/quotes/BGG|20201016|5.00C/interactive-chart
ملاحظة
WOW - 2.06 is the last line of defense, if that price level falls, this play is then invalidated.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.