Hello friends.
Bitcoin has spiked up hard on news that many funds are once again filing for Bitcoin ETFS. We know how this story goes already. The SEC will be very likely to reject these Bitcoin ETF filings. After that happens, Bitcoin will likely shake off a good portion of these gains, and Bitcoin miners will also suffer as a result. Overall a very simple and obvious trade. Theta positive and logical.
I sold calls on MARA at the $13 strike expiring a month from today.
Bitcoin has spiked up hard on news that many funds are once again filing for Bitcoin ETFS. We know how this story goes already. The SEC will be very likely to reject these Bitcoin ETF filings. After that happens, Bitcoin will likely shake off a good portion of these gains, and Bitcoin miners will also suffer as a result. Overall a very simple and obvious trade. Theta positive and logical.
I sold calls on MARA at the $13 strike expiring a month from today.