Instead of doing a 70 30 bull spread on Bitcoin , I did a deep ITM one because it's hanging around 85 – 90k ish for some time. Monitoring every day since DTE is almost 6 month ( since Bitcoin is a volatile assets , I want to smooth out the aggressive moves )
TRADE_NAME = "IBIT Bull88 Spread ($40/$50)"
SYMBOL = "IBIT"
LONG_STRIKE = 40.0
SHORT_STRIKE = 50.0
TARGET_EXPIRY = "2026-06-18"
Initial cost $605 on Dec 24th
Check the image for results.
Let me know what you guys think about this trade ? All criticisms are welcome, just keep it decent.
https://i.redd.it/adn6fum9atbg1.png
Posted by Pure_Tension6812
1 Comment
Why do an in the money call spread? Economically equivalent to selling the 40/50 put spread just with worse bid ask spreads.