Doubling Down on Crypto and Quantum

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The market’s feedback is telling us we need to keep pressing the gas on speculative growth.

And how about that price action in the cryptos today!? We’re also increasing our exposure there.

The coil in Ethereum looks better than anything in the world of crypto right now. We put a trade on ETHA two weeks ago, but we were a bit early.

After a quick shakeout, the world’s second-largest crypto looks ready for a scoop ‘n score.

ETHA is ripping back into its coil range, and the squeeze indicator is crossing up and signaling volatility expansion. I think that vol comes in the form of upside momentum.

While we still like our current ETHA position (not selling), we want to get a tighter strike in order to sell a quicker double in the event this pattern resolves higher.

I’m buying the $ETHA 8/15 $23 calls for approximately $0.75 per contract

Now we have the August $23 and $25 calls in our portfolio. I plan to take profits in the lower strikes sooner.