BTC first time cross 100k USD, its a milestone for crypto, taking the vol that crypto have, selling Put, as i feel the momentum is there, but market might take some lprofits at this price. And i setted a lower strike whichim comfortable to hold the stock at, and taking advantage of the lucrative premium at this strike level $COIN 20241213 277.5 PUT$  

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  • Chesterton
    ·2024-12-06
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    Good choice. 277 is safe. Very volatile those crypto stocks

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    • allthewayUP
      yes. volatility is option trader's BFF, #AllTheWayUp
      2024-12-06
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  • allthewayUP
    ·2024-12-09
    the premium is okay 1+ per contract, the risk to reward ratio is acceptable for me. and i don't mind holding onto the stock at this strike level
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  • Chesterton
    ·2024-12-06

    $MicroStrategy(MSTR)$ premium can be even more lucrative

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  • windy00
    ·2024-12-06
    That’s a bold move! The premiums must be tempting, but are you concerned about potential volatility?
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