$BITO 20250117 17.0 PUT$ First ever crypto trade. Scalped a quick $50 in a day. Still like BITO, but will look for some clearer direction this week before making another trade.
I think Bitcoin will push up to $100,000 USD. This looks like just the start of a broader Crypto rally. My preferred way to play this is $ProShares Bitcoin ETF(BITO)$ . This has been paying out a high yield which should continue in the medium term as the upward trend gains steam.
$ProShares Bitcoin ETF(BITO)$ Opened my first ever crypto trade by selling a put option on BITO. I will look to develop the strategy further with additional legs as crypto bull market takes off.
$DVN 20241220 45.0 CALL$ Selling into seasonal weakness to pick up extra returns. Another set of calls and a dividend next month to push the cash returns to 12% (annualised).
I'm voting trump in this poll, so at least I get a consolation prize if he wins. King of the Grifters, truly terrifying given how close to war the world is right now
I think we are in for a period of significant uncertainty. In addition to the election, the middle east is very volatile too. This could be good for gold stocks, with increased demand for safe haven assets.
I don't understand the market recently at all. PAGP has fallen dramatically, despite being right before a big dividend payout, breaking a long standing pattern. Additionally, VRN has collapsed today, despite making strong earnings.
Got in last year and took good profits early on AEM, NEM, and PAAS. More recently, I have sold DeGrey, Gold Road, and Predictive Discovery. Still holding decent positions in Northern Star and Perseus, while selling puts on GOLD and NEM to generate some extra cash. Will look to add to remaining positions on pullbacks when they inevitably come about.