To The Moon

$CRITICAL METALS CORPORATION(CRML)$ I am not sitting still with Critical Metals Corp. As soon as options opportunity for it opened up, I tried a trade and landed one. Yup, it shows a loss of around 49% but I am very happy with the trade. It is after all a covered call! Look at the strike price, $7.50! When I add a $42 premium, I will receive $792 every 100 shares if it gets called away. It's not a bad outcome... At least it helps to remove some risk...

I am still not certain which way $CRITICAL METALS CORPORATION(CRML)$ will go. It could easily go way past $10 and be a big winner eventually. Or it could simply tank, given that it is pretty much in the exploration phase (might change in a couple of months).

Covered calls are a good way to earn something and reducing risk, while waiting for things to happen. With China continue to ramp up pressure on rare earth minerals (see 3rd picture, announced last Friday), Critical Metal Corp is not going to be e an after-thought any time soon. Even with the risk of price correction (which is likely given its RSI residing around 80+, meaning overbought after last Friday sharp rally. It also hits its near term resistance at the current price around $6.36), I am going to stick around to see what happens. So, if I can collect some spare cash with options, I will do that...

Just FYI only, rare earth darling, China's $JLMAG(06680)$ just hits its 52 weeks high in today's trading session, rising more than 14%!  This got to mean something, sooner or later, as far as rare earth minerals are concerned.

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P.S.: I am planning to write ✍️ an article on $CRITICAL METALS CORPORATION(CRML)$ on its own in a day or two. It might not be what you expect... so follow me and watch this space if you are keen...