The Breakout Multiplier strategy is all about persistence and risk management.
Sometimes, the trades we put on take a few tries to materialize, with some losses along the way. But when you hit that one winning trade, it makes up for everything—often covering those earlier losses and more. That's the key to this approach.
Our recent persistence with $SOUN has paid off in a big way.
We put some calls on a few months back and they went to zero.
We liked the setup even more at this point, so we simply put the trade on again, this time, buying ourselves even more time.
After surging 18% yesterday, our 1/17/25 $7 calls are at a double.
It is time to secure some profits. We want to close half the calls and let the rest ride risk-free.
This move is just getting started. With earnings coming up on November 12 and January as the expiration date, we have plenty of time to let this trade fully unfold in our favor.
In addition, with Bitcoin back above $70,000 this morning, our $RIOT 11/22 $12 calls have doubled in value.
This gives us the perfect opportunity to sell half and let the remainder run risk-free.
We definitely want to sell these right away as we are inside the 30-day theta-decay window, and they are not in-the-money.
If this BTC breakout is the real deal, our $MARA calls should follow the same path and earn us a double soon as well. Set your alerts and get ready for it.
