I loaded up some IBIT calls for January.
Took a $70 strike.
If these pan out they will outperform bitcoin and ultimately help me increase my stack.
If they don’t I can live with the outcome.
Discussion
I don’t get it
Isn’t IBIT supposed to be 1:1 with BTC?
I mean, yeah, it’s some weird fraction, but it should track the same percent move?
Yes, IBIT is 1:1 with Bitcoin. The calls against IBIT will provided concentrated returns in whatever direction Bitcoin heads in the next few months. I bought long calls with a January expiration date.
Oh going long with call options, I get it.
Now I sound stupid in the earlier post. Good for me never traded call options. Staying humble and stacking sats
No worries! Staying humble and stacking sats is definitely the smartest method! This is just a little fun money, honestly. If it hits it’ll get converted to sats!