SEC delayed its decision on spot #Bitcoin ETFs options trading until May 29, 2024.

I’m interested to see how the additional leveraged speculation would play out in price action.

If used correctly they could provide additional ways to manage risk and potentially profit from volatility.

If approved I might short the ETFs to potentially put more #BTC self-custodied with hands I trust (my own), but don’t get me wrong getting rekt by options/the Fed is what put me on the search for what ultimately proved to be #Bitcoin. So this would only be a sentimental thing that I expect to get rekt by either time decay, slippage, or the Fed.

BUT IMAGINE A WORLD…where the Fed halts the market and injects liquidity because Bitcoin has a red candle.

I wouldn’t exercise the contract, but I would cash out on the premium and use it to buy more spot #BTC after a tiny dip.

Timing the market is difficult and I’d probably give it up just to stack harder no matter the price. I treasure time in the market.

I wouldn’t have to participate from options, others wins and failures related to options could lead to more liquidity and avenues to participate in the market.

I don’t recommend options trading unless you are ready to learn some expensive lessons. It’s really just classy gambling imo 🤣

Always best to stay humble and stack sats in the long run.