I sold a put option on BITO stock at a $21.50 strike price, positioning below the short-term support level of $22. Crypto stocks faced a decline after President Trump's failure to address bitcoin in his inaugural speech, dampening market sentiment. This trade aims to capitalize on the support level holding, potentially collecting premium income if BITO remains above the $21.50 strike price at expiry.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 0.03 | +33.34% Holding |
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