Celsius 30 strike calls for the retracement
CELH calls and call spreads are attractive. in small size. When a stock is deeply beat up, I like to use calls and then later convert to stock with less leverage.
The upside potential is significant if celsius retraces after its large 75% stock fall.
plan A- take a gain on the calls, 3x or more.
plan b- roll to another month if takes longer.
plan c- take a gain on call and buy celh stock higher to keep for long term.
worst case, if the option is wiped out, Im prepared to put on a new trade, new call, so I keep cash for this and dont go too big on the initial trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.