As I mentioned in my previous message, out of BTCUSD around $6,800.00. I thought the crypto would go down from here, as it has. I am looking to add a new, long position from here at $6,500.00.
I am using these levels to simultaneously add in delta-neutral position by going long put options at $6,500.00. That level is currently trading at $90.00 bid/$100.00 offer USD; www.deribit.com/reg-596.9985?q=home
I am also putting in buy order at $6,250.00 with simultaneous delta-neutral position. Current bid/offer on that option is $33/$39 USD
My take is longterm, just keep buying BTCUSD on dips; as I wrote up extensively here:
seekingalpha.com/art...na-push-price-higher
I am using these levels to simultaneously add in delta-neutral position by going long put options at $6,500.00. That level is currently trading at $90.00 bid/$100.00 offer USD; www.deribit.com/reg-596.9985?q=home
I am also putting in buy order at $6,250.00 with simultaneous delta-neutral position. Current bid/offer on that option is $33/$39 USD
My take is longterm, just keep buying BTCUSD on dips; as I wrote up extensively here:
seekingalpha.com/art...na-push-price-higher
