Is anyone else selling long term covered calls against Bitcoin ETFs and using the proceeds to buy more ETFs? Timing them to expire during the bear market of the 4-year cycle seems like a good bet.
Is anyone else selling long term covered calls against Bitcoin ETFs and using the proceeds to buy more ETFs? Timing them to expire during the bear market of the 4-year cycle seems like a good bet.
If Bitcoin goes down or crabs you can buy them back for cheaper.
If Bitcoin goes up you're still Delta positive and have made money.