Earnings: TSLA (63/69). Announces on Wednesday after market close, so if you're looking to play the volatility contraction, look to put on a play in the waning hours of Wednesday's session or, if implied volatility afterglow persists, early Thursday after it has made its move. If NFLX earnings is any indication of whether TSLA will "behave," you may want to...
... for an .82 debit. Comments: Opened this for a 1.48 credit (See Post Below). Closing it out here manually for around 45% of max. The implied has come in quite a bit; it was 76.1% when I put it on and has now contracted to 68.5% -- at the low end of its 52-week range. Will look to re-up if implied comes up off its lows.
Bitcoin will need to break up and out of the descending channel in order for a reversal. BTC has been well correlated to 10Yr Note Yields, it no longer is performing to the prior Analogue. Traders are closely watching $42K, the Gap could fill @ 32,600 into February or March - Although the CLoud appears supportive until January 31, thereafter Price may begin to...
... for a 1.48 credit. Comments: Selling premium in the bitcoin futures exchange-traded fund with same delta'd strikes on both sides. High 30-day implied at 76.1%. 1.48 on buying power effect of 22.20; 6.7 ROC %-age at max; 3.3% at 50% max. You know the drill: look to take profit at 50% max; manage sides on approaching worthless/side test.
... for an .80 debit. Comments: Filed this for a 1.60 credit (See Post Below; out here via good-until-cancelled order to take profit at 50% max. .80/$80 profit. 3.3% ROC as a function of buying power effect. Although implied volatility has contracted a bit, will consider re-upping in the February cycle after New Year's, assuming the strikes above 40 get...
... for a 1.59 credit. Comments: Selling ~16 delta premium in high implied BITO (30-day at 82%). Unfortunately, because the broker's basically requiring that this particular underlying be cash-secured, the ROC isn't very sexy as a function of buying power effect: $159 credit on a buying power effect of $2416 or 6.6% at max/3.3% at 50% max. In any event, will...
75K This will be a hard-fought Price War. institutions piled in for the win booked some profits at out 69K TGT. They'll double down in time... 75K ahead as long as the 41K level Holds.
... for a .75 debit. Comments: In for 1.49 (See Post Below), out today at 50% max via a good until cancelled order, a .74 ($74) profit. 30-day is still good in this underlying at 85.2%, so may re-up when the January monthly gets a little shorter in duration. (It's currently 59 days out). * -- I had to squeeze in the strikes on the chart in order to get them...
BITO, a Proshares ETF strategy for Bitcoin futures, has filled the gap created on the daily chart at around $40. I'm interested in taking a position in this instrument but had my doubts when I saw the bearish engulfing candle on the daily created back on 11/10/21. The crypto bulls really don't like BITO because the fund doesn't hold any actual Bitcoin, but...
69K close over... 80K Potential B4 the "Limited Supply of 21 Million Cons of Nothing" Ends.
-While the equity market is recovering and still has the fear of a drop in it, the Crypto market is bullish and keeps rising non-stop. -Now where to open a spread or a leap? Well here comes the BITO for the help! With the low price and bullish rising underlying, it is a one-stop instrument for spread investors! -We see the current levels as a safe entry for a...
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.
The moment this opened on the markets Bitcoin's price began to swing more wildly and followed this closely. Ever since this came out, BTC has gone down. More and more will come out and BTC will crash one day. (Not financial advice)
as long as we stay above this ma, and we creep a lil bit higher and higher to allow the moving averages to align themselves correctly. We will be ready for 100k soon. Although if that yellow crosses above the lighter yellow on daily, and this MFI indicator is at that dangerous level. GET OUT
when Gold at $200 first issued an etf sometime in 2003 it's price went to $1800 that was a an 800% price upside in 7 years in currenty times 2021 with all the technology and access to markets.. that 7 years may just be recuded to 7months or maybe even weeks next halving is 204 around March.. and $550k BTC should be around that area
AMEX:BITO I'm not a fundamentally based trader, however, there are times where a theoretical story seems likely to supplement the technical analysis side of the (bit)coin. Technically: Most IPOs are pretty obvious as to what is support and resistance are after a few days of trading. Therefore, mapping out potential levels in the future become easier -...
Looks like all the Canadians stuck with toxic dollar=based high priced equity can buy in fake Bitcoin via ETF. Complete junk but highly tradable. For Bitcoin when the Bull is running (like now), BUY HBIT When the bear returns, switch to cash-is-trash or BITI to go bear on Bitcoin. Use the leverage. On this trading style we will be fairly agreesive since we...
BITO, ProShare Bitcoin ETF. Is the new Index for bitcoin. Shares of Proshares Bitcoin Strategy ETF (BITO) were up to 4.5% during first day of trading. The found is the first US-listed ETF linked to Bitcoin futures. ........... Nearly will record more than 100.00