Replying to Avatar Caleb Gregory

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.
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₿k 4mo ago 💬 1

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?

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Caleb Gregory 4mo ago 💬 1

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.

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₿k 4mo ago 💬 1

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

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Caleb Gregory 4mo ago

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!