... for a 27.55 debit. Comments: Not the weakness I was looking for, but setting myself up to grab the early June dividend. Generally, I'll look to roll out the short call at 50% max ... .
... for a 1.44 credit. Comments: High IV at 59.6%. Looking to pick up shares at or below my covered call's current break even of 27.10. Metrics: Buying Power Effect/Break Even: 22.56 Max Profit: 1.44 ($144) ROC at Max: 6.38% ROC at 50% Max: 3.19%
... for a 26.12 debit. Comments: Re-upping after closing out my longer-dated covered call (which I had rolled all the way out to December). Selling the -30 delta call against long stock here. As before, will look to roll out the short call for duration at 50% max, collect the monthly dividend along the way ... . I'll also look at selling short put, assuming I...
... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to...
Tweaked the CRYPTOCAP:BTC chart. It really needed updating. Fixed the colors too! #BTC is 2 weeks away from the end of what we called, phase 1. In my opinion, it's going to move SOON. #Bitcoin breakdown: The moving avg crossover, yellow circle, is bullish. Cyan circles show bullish signs; RSI above 50 Money Flow is above 0 ------------------------- Bonus...
... for a 1.82 credit. Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy. I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of...
CRYPTOCAP:BTC has been looking better as of late. The 1st phase we spoke about is almost done! #BTC shows a successful GREEN Moving Avg test, two weeks ago. Final #Bitcoin chart shows the reduced $ flow & the RSI not as strong as it was last time it was at these levels = Bull is not dead but it is not as strong as before. In no way does this mean that 100-110k...
Welcome to a pivotal moment in the Bitcoin market! As we witness the launch of several spot Bitcoin ETFs, including giants like Fidelity's FBTC, Bitwise's BITB, and Franklin Templeton's EZBC, the landscape of cryptocurrency investing is evolving before our eyes. First-day volumes paint a promising picture, with funds that 'Buy Bitcoin' directly, such as FBTC...
... for a 1.74 credit. Comments: Adding a rung at strikes better than what I currently have on. Will generally look to take profit at 50% max or take assignment of shares should that occur and proceed to sell call against. Metrics: Buying Power Effect/Break Even/Cost Basis in Shares (If Assigned): 22.26 Max Profit: 1.74 ($174) ROC %-age at Max: 7.82% ROC %-age...
... for a 1.23 credit. Comments: Adding to my covered call position (See Post Below) on weakness, converting the covered call into a covered strangle (i.e., short put + stock + short call). I went with April, since May appeared to be shit illiquid at where I'd want to pitch my tent. I'm fine with being assigned additional stock here at the 26 strike, since my...
GOOD MORNING The CRYPTOCAP:BTC RSI is weakening further as it hits 74k. The closer it gets to 80-100k the more risk rises. #BTC is due for another correction/consolidation, IMO. #Bitcoin $ Flow is still decent so, IMO this is not the top. A)Shows RSI peaked & Selling begins to come in. EURONEXT:FLOW was NOT strong at all. B) Volume is light before picking...
Posted this elswhere(see profile here for more info) last night: RSI is falling on For CRYPTOCAP:BTC Futures & Spot #BTC Money Flow does look better on Futures vs Spot The #Bitcoin weekly, last chart, looks VERY interesting. We have spoken on this possibility already. The Inverse Head & Shoulder Pattern - Tends to be very bullish. --- Today This is why you...
1st CRYPTOCAP:BTC chart shows the arrows pointing to the highs of this morning. 2nd #BTC chart shows where it is at the moment. This shows us that Spot #bitcoin is correcting itself and catching up to Future's price action. Futures $ Flow broke the downtrend & is rising. Bullish. Spot $ Flow is pretty even. But just like price action, this will likely...
To the untrained eye, CRYPTOCAP:BTC does look like a double top, but in reality it would be closer to a Triple Top, if anything. Peaks are higher & we're trading ABOVE resistance levels. IMO there is NO #BTC double top! Yesterday #Bitcoin formed an OUTSIDE DAY (this is a so so pattern) $ Flow is not great but the RSI is still...
INTERESTING divergence happening at the moment with $BTC. #BTC Spot has RSI falling & sells beginning to pour in. #Bitcoin Futures has a strong RSI & some, light, selling. Wont comment on $ Flow today but will say that both paint slightly different pictures there as well. Weekly shows WHY this area will be tough. This area will not break easy. HOWEVER, IMO,...
Current charts (not shown here, this is a weekly chart, se profile for more info) CRYPTOCAP:BTC $ Flow is better captured on spot price. #BTC RSI is better captured on futures price. Weekly is interesting indeed! Both show: Cratering of $ flow as it goes higher, negative divergence. RSI is still...
As stated before, there's extreme bullishness on $BTC. Every influencer's excited & media is plastering a bull take. They can be right but more often than not they are wrong and can be used as a contrarian indicator. Things to notice: #BTC shorts are @ their LOWEST in a year! Money Flow is lessening. Decent sell volume at the...
Am seeing a ton of bullishness on CRYPTOCAP:BTC at the moment. Extreme bullishness is okay but one should always take caution. Keep in mind that volume has NOT been optimal but there was a bump not long ago. We're not changing anything and still long #crypto at the moment. Let's see how #BTC reacts the next few days. Would like to buy some more on a dip.