Bull Flagging??? Sure Looks It To MeGreat Sunday to all my TradingView peeps out there!
I present a potential play to you that not only provides a NASTY dividend yield (152.78%) but also looks to be forming a bull flag that possibly gives you an upcoming 20% increase in share price... With that being said, I'd like to present a what if scenario but more importantly provide you with some insight on what could be a phenomenal play for 2025.
This particular YieldMAX Option Income Strategy focuses on generating income through selling call options on the underlying asset of NASDAQ:COIN and I want to lay out a particular scenario of what could have been in 2024 and guide you towards what can be in 2025.
If you bought 1000 shares of AMEX:CONY at the beginning of 2024, it would have cost you roughly 9000 (1000 shares x 9.00). At the end of the year, the price of each share closed at 11.26 (for easy peezy math calculations and my anxiety, I will use round numbers) and you would have roughly 11000 dollars. However, that isn't including the 152.78% dividend yield and whether or not you chose to reinvest your dividend payments back into the stock. So based off your initial investment of 9000 dollars, using a 150% dividend yield, your balance at the end of 2024 would approximately be 24500. Again, this scenario is only breaking down the change of share price (1000 shares x 2.00 = 2000 dollars) and the dividend yield payment (9000 x 150% = 22500 dollars). This ultimately would be more than 24500, if you were to reinvest your monthly dividend payout back into the stock buying more shares.
To sum this idea up, I believe this is a substantial play for any type of investor in 2025. As I am seeing a Bull Flag and the potential that the share price reaches the ATH (14.85) by the end of 2025. I have displayed on my chart what I feel is the new support for 2025. I also included a 6 Month Support Trendline as well as what looks to me like a bull flag.
Again, as I've said before... I am not a financial guru and definitely not a financial advisor (yet) but I will share with you my claims regarding what price action I see. I'd suggest you complete your own Due Diligence and not jump into mine or anyone else's picks without diving into some analysis yourself.
Last and definitely the most important part... Take Profits, Take Profits, Take Profits!!! I cannot stress that enough.
Good luck on your trading journey ladies and gentlemen!
