BITO is a bitco etf almost mirroring bitcoin price.
BITO also offering 15% annual dividend return which pay out monthly.
Currently BlackRock is trying to get their own bitcoin spot etf approve
and news of possible approval made bitcoin price spike with excitement.
Trade strategy: Cash secured Put
Selling 4 contract of Nov 4 strike price 17.5 @ $1.35 (this is...
Bitcoin is experiencing a selloff and that is what we expected in our bearish scenario. In this video I explain an idea to capture the move with an Iron Condor. We are able to set it up because implied volatility is highest in an Elliott wave 3 of 3. This strategy will benefit from an immediate bounce with a volatility crush, or an exhaustion of the selloff in the...