TopOptionAlert
Oct 23, 4:30 AM
$HUT NOV6 66C · still actionable
Zone:
$63.50 to
$64.45
Invalidation: close under
$63.50
Objectives:
$71.58, then
$74.00
The math: up 11.9% to the first objective and 15.7% to the second, against 0.7% risk on the invalidation, better than 20 to 1 to the second.
Hut 8 is one of those names that just got taken out to the woodshed. It fell more than 10 percent today and sits right on the day's low, which is exactly the kind of spot where everyone is looking at the door. But the floor at 63.50 is real, the stock is washed out, and earnings land November 4 with the company pointing at a narrower loss and its AI data center buildout. This is a swing: you are buying fear at support and letting the earnings calendar do the talking.
P.S. If 63.50 gives way on a closing basis the idea is dead, but a hold there into the November 4 print is the whole trade.
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