Rocky’s Weekly Stock Picks
The chart above doesn’t mean anything. But damn it sure looks impressive.
This week has seen RIOT go down for the first time since late October. Naturally I bought a Call $5 OTM, even as I told myself to buy a Put. If the price stays down though, I can double dip on Friday since I wrote calls Monday for $30 before the nosedive.
RIOT - Obviously. Bitcoin’s price is stabilizing for a moment, for reasons. Now would be a good time to grab some shares before we go back to $30. Buy the dip, potato chip.
SENS - How did I miss this one?! Oh…because it wasn’t a thing until this week. Well in any case, how would you like to sell a $3 contract for $55? Yeeeah you would. Makes sense.
NOK - As much as I generally oppose using the News as a source of stock movement information (or really, any information for that matter), the future looks bright for Nokia’s 5G infrastructure. Also, the price is up to $4.20. That’s a lot for this stock, at least as far as I’ve been tracking it.
AGRO - I wanted to add some diversity and decided on agriculture. Just something random I can put a monthly contract on. I’d approach AGRO as if it’s going to sit at $8 for a couple weeks.
SCNA - I know I know, but hear me out. Cannabis stocks are kind of a joke, as they tend to be a bearish neutral when they level out. So really any one is as good as any other. As we know, by next summer we’ll see a really nice bump across the board. Sooo, if there was a good time to buy a penny stock for growth….
If you want something a little more reasonable, I would suggest Aurora, ACB.
You don’t need to YOLO every piece of “diversity” you come across, but it is a really easy way to hedge your bets, so to speak.
