Let's Talk about $BLNK  
Crayons:  
https://imgur.com/nm461Pt  


**TA:**  
1. 8/21 Cross on verge of happening on the 65 minute chart.  
2. bullish divergence on the 65min RSI  
3. TTM Squeeze indicating a push up on the 65min

​

**Speculative / Drivers** 

1. Short Interest is 47.99% Of free float  
2. There are 7.68million shares covered in 13fs  
3. 20 million total shares available in float, with 13.29 million being borrowed/shorted

**Thoughts On Entry:**

Break of 38.99 gives confirmation of a long entry

​

**Options and strategies in play:**

4/16 $40 strikes -   
5/21 $40 / $ 50 Vertical Spread - Cheap Cost of entry - good return potential

​

**Theta In play:**

Sell 4/16 $35 puts - potentially 9% return on capital.  
Sell 4/16 $40 strikes - Potential 17% return on capital 

​

**Swing Equity:**  
Enter Shares, Sell monthlies - capture gains, and cover potential losses with premium gain

​

**What i'm doing:** 

Synthetic long.  
Sell 4/16 $40 Puts (assignment price $33change) Premium capture -  $700ish - Take Premium and and purchase: 4/16 $38 calls.

Risk? the 4k per contract you put up as collateral, if you lose you come out of this with equity that you can wheel your losses out of.