Post by
Bac0n on Apr 30, 2021 1:18pm
Shorting HIVE
hey all,
for those of you like me that understand options (obviously none of the posters understand what options are, but maybe some readers do)
Shorting HIVE if it ever manages to get to the $6 level, is pretty much a sure thing.
HIVE doesnt have the capacity to stay above $6 per share for long. Its share structure won't allow it, the market always corrects.
so lets say Bitcoin goes to 80K over the next few weeks (thats a big IF) but if that does happen and HIVE gets a shot in the arm to $6.
Buying some put options with just a few days expiry, is almost guaranteed to make you money. Last time I did this it turned me a quick buck with practically no risk.
you're welcome
*sips scotch*
-Bac0n