Hi all
I have accumulated a great size of $NBIS from $38 to $160 at an average cost $110. Current stack is 7,000 pieces
My main strategy is to buy OTM calls when it seems oversold, sell for 100%-400% gains, use half of the capital to buy at the spot price.
Mid term target: Reach 25,000 pieces
Long term target: Reach 100,000 pieces
I was wondering how would you proceed if you wanted to take advantage of the holdings as well without risking losing the stock. Problem is, NBIS can run really fast out of the blue even at medium RSI or MACD levels, since it will be in a heavy growth phase for the next 2 years potentially. The only thing I was thinking was maybe sell 21-45 dte otm calls when it is clearly in overbought areas and overextended not before. Also ride a potential downtrend to keep selling cc’s even for less premium just to fuel up even more for the next call buying.
Anything different you would suggest, would be appreciated.
Posted by mneymaker