Have you seen the outlook for BTC?
• Rising Wedge with Bearish sentiment
• Fractal with Bullish prediction
• Bullish on the 2-hour chart
• Bearish on the 8-hour chart
It can be profitable or devastating to make directional trades. Come what may, we can use options on BITO to capture upside with a downside cushion to quell concerns of volatility. There is a way to build custom options strategies that provide upside with a downside cushion. This particular strat can make up to up to 13% (47% annualized), and only start to lose if BITO falls by more than 33% to below $8.82 as of 12/16/2022.
Buy 1 $13 call
Sell 1 $14 call
Sell 1 $9 put
Exp 12/16/22
Limit Price $0.20
• Rising Wedge with Bearish sentiment
• Fractal with Bullish prediction
• Bullish on the 2-hour chart
• Bearish on the 8-hour chart
It can be profitable or devastating to make directional trades. Come what may, we can use options on BITO to capture upside with a downside cushion to quell concerns of volatility. There is a way to build custom options strategies that provide upside with a downside cushion. This particular strat can make up to up to 13% (47% annualized), and only start to lose if BITO falls by more than 33% to below $8.82 as of 12/16/2022.
Buy 1 $13 call
Sell 1 $14 call
Sell 1 $9 put
Exp 12/16/22
Limit Price $0.20