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NaughtyPines
Oct 22, 2021 4:41 PM

Opening (Small Account): BITO December 17th 2 x 25/28/49/55 

ProShares Bitcoin Strategy ETFArca

Description

Double Double for a 1.49 credit.

Comments: Can't resist the 78.5% 30-day implied here. Going with a delta neutral double double iron condor to accommodate awful call side skew here -- twice the number of contracts on the put side as on the call, with the call side spread twice the width of the put side. Will look to take profit at 50% max.

Comment

Also, I had to squish in the strikes to have them show on the chart.
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