Let’s not waste any time with this weekend alert: when the market opens next on Tuesday following President’s Day (officially Washington’s Birthday), you’ll want to keep close tabs on blockchain miner Riot Platforms (RIOT). Both technical and statistical evidence leans toward a bullish scenario, opening opportunities for both investors and speculators.
For the latter category, you have several options (pun intended). In particular, you’ll want to brush up on a multi-leg strategy known as a bull call spread. This transaction involves buying a call option and simultaneously selling a call at a higher strike price (for the same expiration date). The idea is to use the credit received from the short call to partially offset the debit paid for the long call.
