bitcoin mining

Naked Put on RIOT - Potential income return 14.24% in 25 days

RIOT blockchainbitcoin mining
On July 27, 2020, we sold 1 additional naked put on RIOT stock with a strike price at $2.5 and get for that $0.38 premium (before commissions) RIOT stands for Riot Blockchain company focused on building, supporting, and operating Blockchain technologies.  With Bitcoin price raising over $10,000, it give a nice boost to many "so-called" blockchain companies, including to RIOT. The stock price Monday was up by more than 20%. As long as Bitcoin can sustain this price level, we believe the RIOT…

Naked Put on RIOT - Potential income return 6.8% in 16 days

RIOT weekly optionsblockchainbitcoin mining
On July 15, 2020, we sold 1 naked put on RIOT stock with a strike price at $2 and get for that $0.16 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow from broker funds to finance the purchase.  This trade comes as the #16 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 1.94% from our $700 monthly goal, while in total we have already …