DCFC Lottery play
Entry: $1.10 - watching the close today - see chart
Stop: $.89 - close on a daily basis below this; -19% if using common stock
First Target: $1.36; +23% if using common stock
Second Target: $1.61; +46% if using common stock
Third Target: $2.00; +82%
Options: Nov $1 calls for $.40 or better.
Time to target: July 21, 2023
Theo Stop value: $.21; -49%
Theo First Tgt value: $.52; +30%
Theo Second Tgt value: $.77; +92%
Theo Third Tgt value: $1.08, +170%
Risk/Reward to Third target:
Common stock: -19% to make 46%: 2.4R
Options: -49% to make +92%: 3.46R
MANAGEMENT:
If price gets to First tgt ($1.36) and stops, I will be flat
If price gets to Second target ($1.61), I will be flat at First target ($1.36)
If price gets to Third target ($2.00), I will sell HALF
If price gets to Third target ($2.00) and stops/reverses, I will sell at Second target ($1.61).
Stock or Option:
Better R is on the Options. I desire leverage and I am in it for the Third target.
STOP:
