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Why Not To Buy Not Rivian Calls With Two Days to Go?

It's obvious right? If you mess up and the stock opens the wrong way you only have one day for a rebound. Why put yourself in that position? Others might be in the camp of saying why not go for a fifty percent rebound on Thurday's morning opening. The stock sold of on Wednesday on very little volume. A morning pop is possible. The stock has being strong as of late. Here is it's five day chart. Now this, the seventeen series of Calls that expires in two days. They do look cheap after hitting a high of $1.55 on the day. If we look at a 30 day chart we will see that the stock is still in an uptrend. Why not look at the Call options one and two weeks out? Here are the seventeen series of Calls one and two weeks out They would be much safer to play and I will check in on these ones at a later date. So what happened on the Thursday opening? Let's switch gears for a moment and look at how Roku, a much higher priced stock opened and look at how their Call options moved.

Blink And A Fellow Named Al Root.

Who is this Al Root fellow? I don't know but Barron's has him on their payroll and he sure puts out a lot of interesting stuff. I have talked about Blink before only to see it get beat up. EV stocks have hit a rough patch and this stock is an EV play. But wow, look at how this stock is doing.
Now a longer term chart. So many investors have poured money into the EV space only to loose. Is this a stock to now consider?
One caveat is that stocks with this type of a chart formation often do not have a happy ending.That plus owning a stock in the three dollar range can have you feeling duped if it decides to meander along not doing very much.

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