I sold a cash-secured put option on BITX at a $40 strike price, aligning with its short-term support level. With Bitcoin eyeing a breakout above $98K and on-chain metrics suggesting further upside, crypto-related stocks like BITX stand to benefit. If Bitcoin’s rally continues, BITX could gain momentum, making my put position profitable. However, I’m closely monitoring on-chain risk indicators for signs of a market top. This strategy allows me to collect premium while positioning for potential upside in the crypto sector.
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- Kashcash·2025-02-11👍LikeReport
- KSR·2025-02-11👍LikeReport