Going long BTCUSD With Put Options
I wrote up a thesis that I am working with for Bitcoin, 
BTCUSD on Seeking Alpha
and the pressure that we will likely see to the upside.
I am going to continually buy on the dips with options protection. I am long BTCUSD at $6,500.00 with a 2-day $6,500 put at a ratio of 1:2, spot:options. I have another buy order in at $6,250.00 with additional options to kick in (I use Deribit for my options):
The cost on the put option was $103.50. If BTCUSD moves lower to $6,250.00 my spot price losses $250.00 but my options gain $500.00 (minus my cost of the options at $200.00). Likewise, with a move upwards of $250.00, I move past my breakeven level.
I need a move lower or higher of $250.00 in 2 days for BTCUSD. I can see the moves happening either way.
BTCUSD on Seeking Alphaand the pressure that we will likely see to the upside.
I am going to continually buy on the dips with options protection. I am long BTCUSD at $6,500.00 with a 2-day $6,500 put at a ratio of 1:2, spot:options. I have another buy order in at $6,250.00 with additional options to kick in (I use Deribit for my options):
The cost on the put option was $103.50. If BTCUSD moves lower to $6,250.00 my spot price losses $250.00 but my options gain $500.00 (minus my cost of the options at $200.00). Likewise, with a move upwards of $250.00, I move past my breakeven level.
I need a move lower or higher of $250.00 in 2 days for BTCUSD. I can see the moves happening either way.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.