Looking to sell covered strangles on RIOT. Selling puts (45 DTE) when RIOT reaches support levels and selling calls way OTM(45 DTE) when it reaches resistance levels. Maybe even open some expiration PMCC’s(1-3years DTE) on RIOT. I have a price target of about $60 by the end of the year at a conservative price. However keep in mind that I’m supremely bullish on bitcoin with in the next few years. In my opinion this could also be used as a good way to hedge my portfolio in the event that the dollar starts to fall rapidly in value which I see as being very likely maybe even guaranteed.
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