Week 2 - Jan 8 investment move
- Current US Markets
- Today Jan 8 Investment Moves
- Bitcoin / Ether moves
Current US Markets
Market Update:
The markets remain weak after the failed Santa Claus Rally, and CES has yet to lift tech stocks.
It feels like the markets are overvalued and expensive. While some had this sentiment in 2023 and 2020, the market still rallied to new all-time highs in 2024. If you stayed in cash for the last 2-4 years, you missed out on significant gains—up to 40% in missed opportunities.
Today Jan 8 Investment Moves
Here are my moves as of 11:30 am (EST)
Summary:
- rolled RIOT covered call down for $3 credit
- Exercised a LONG CALL (for $5.50 + $2.50 or 800) to get 200 shares of RIOT.
I believe RIOT will be trading above $9 during the bull cycle, especially if BITCOIN moves to $200K, 500K, etc. - rolled RIOT put credit spread down and out for $14 each.
- rolled MRVL covered call up $5 (in strike price) and out in time for $336. I believe MRVL will be about $90 for a long time.
Bitcoin / Ether moves
Initially, Bitcoin and Ether appeared strong, but we've seen a significant drop recently. It seems that every time Bitcoin surpasses $99K, people sell, and buyers re-enter below $95K. This could be creating a range-bound movement for the next few weeks as traders look to make quick profits.
Some sellers believe we are near the peak and are taking money off the table, planning to re-enter in 2026 or 2027. However, I think historical patterns will look different moving forward.
Let's see if markets can stay FLAT.
That is how I make the most money.
Have a profitable day!
Posted Using INLEO
Congratulations @solving-chaos! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 350 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Tech selloff is scary.
Lots of people are losing money recently.