How to make money trading Bitcoin etf
BITO is a bitco etf almost mirroring bitcoin price.
BITO also offering 15% annual dividend return which pay out monthly.
Currently BlackRock is trying to get their own bitcoin spot etf approve
and news of possible approval made bitcoin price spike with excitement.
Trade strategy: Cash secured Put
Selling 4 contract of Nov 4 strike price 17.5 @ $1.35 (this is the price I sold for my position, the math in the video is missing some numbers)
My overall compensation for selling 4 contract is $538.
Total cost per share is $16.15 accounting for premium collected.
My plan is to either sell my shares for a profit if my put get assign when the option is expire in the money or I can also keep selling cover call to lower my cost.
Will keep you guys updated.
BITO also offering 15% annual dividend return which pay out monthly.
Currently BlackRock is trying to get their own bitcoin spot etf approve
and news of possible approval made bitcoin price spike with excitement.
Trade strategy: Cash secured Put
Selling 4 contract of Nov 4 strike price 17.5 @ $1.35 (this is the price I sold for my position, the math in the video is missing some numbers)
My overall compensation for selling 4 contract is $538.
Total cost per share is $16.15 accounting for premium collected.
My plan is to either sell my shares for a profit if my put get assign when the option is expire in the money or I can also keep selling cover call to lower my cost.
Will keep you guys updated.
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