BLNK Trade on Feb 3, 2021 10:19 from thefudawg: Tradervue User Stock Trades.

Gravatar

Shared by
thefudawg

 

Wed Feb 3

  • 09:38 AM EST, 02/03/2021 (MT Newswires) -- Blink Charging Co (BLNK), an electric vehicle charging company, has signed a reseller agreement with Ballantyne Strong (BTN). Under the agreement, Ballantyne Strong unit Strong Entertainment will offer Blink's full line of charging stations to its cinema operators, theme parks, and other entertainment and leisure-related locations. Financial terms were not disclosed.

Popping high in PM and at open set HOD at $53.24. Quickly came back down toward the 21 EMA at $47. This is an EV play with a $55 target for next week and 0 theta decay. Bought the $48calls and sold the $55 calls for $2.50 debit with max profit of $4.50 (Risking $2.5K for $4.5K). We had some solid pullbacks to support with confirmation candles, with 10x bars and squeezes on the 30m/1h/2h/4h/D/W. We broke through the 30m cloud today and based on it.

Finviz showing a 32% short float.

By close, we completed the 38.2% retracement and next target is the 61.8% next week ($56.59)

image
image


Fri 2/5

  • Roth Capital initiated coverage on the stock with a Buy rating an price target of $67

Had a nice pop to the 50% retracement level and got stuffed at the $55.50 level and started to come back down. Still outside of the 30m cloud and ideally want to hold here for a continuation next week.

image


Mon Feb 8

  • Blink expands into new hampshire

Gapped above the news and started to hold the $53.98 key level and ripping above the $55.5 key level in the first 5 minutes. Closed it here and could have captured more premium on this as we had a HOD of $58, but happy with taking profits here. In at $2.50, out at $4.55.

image

image


Execution detail:

Date/time Symbol Side Price Position
2021-02-03 10:19:26 FEB12 21 48 CALL buy $5.740 long
2021-02-03 10:19:26 FEB12 21 55 CALL sell $3.240 short
2021-02-03 10:19:27 FEB12 21 48 CALL buy $5.740 long
2021-02-03 10:19:27 FEB12 21 55 CALL sell $3.240 short
2021-02-08 09:33:35 FEB12 21 55 CALL buy $3.220 0
2021-02-08 09:33:35 FEB12 21 48 CALL sell $7.770 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in