Looking for oil shorts after US PPI. With Dollar Strength Oil seems to be the only commodity I am watching as of the current moment that is coming down in price and its the first time in long while where there were emergency cuts and oil price has also moved down
Using Coinbase as a proxy for crypto market I sold puts on the close this past Friday. I just rolled into STO 285/275 May 14 to collect 2.25 in premium. Because the direct listing just kept dropping it seems like a relative decent spot to start selling premium on the put side.
Over the last year or so the correlation of BTC to SPX 500 has become quite strong. One of the greater arguments for BTC is that it is an inflation hedge and that it is uncorrelated to other assets. This current trend is counter to that theory and shows that a strong relationship exists between the S & P 500 and Bitcoin. Should there be a pull back in equities,...
Originally a call credit spread, legging into a Iron Condor with each wing 10 dollars apart. 590/600 and 515/505 strikes Expires 4/23. Taking in over 200 dollars credit with a 1000 outlay. High probability trade.
