$BTC - A Day Later
$BTC
Not a day later. How things can change. Back below $100K and original thesis from December 30th is back in play.
This may seem like waffling. For me, it’s playing the cards on the table. $100K is a key level for me. Above $100K and I’m adding, below and I’m reducing.
I’m writing call spreads ib IBIT 0.00%↑ at prior all-time highs ($62). This allows me to collect income on the fade, while the value of my core IBIT 0.00%↑ position is reduced on an unrealized basis. The implied vol on IBIT 0.00%↑ options remains attractive for the strategy as a supplement to the core holding.