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A protective put is a terrible hedge. I saw an article that tested stops versus puts versus futures to hedge a stock position and futures performed best...stops are garbage and puts not much better... especially in a covered call or cs short put position I don't think they even work because they...

What I said made no sense because BITI is an inverse lol...I meant long BITO and long BITI.

BITI is futures not spot....and terrible spread for options. However I think I asked this...can one long BITO shares and long BITI shares and not be considered a box trade? (Edited)

https://www.interactivebrokers.ca/en/trading/marginRequirements/margin_canadian_currencies.php

It says the on their site margin leverage for UAD/CAD is 33:1

Proven store of value? Look at how much gold wealth has deteriorated against bitcoin in just 3 years! Even with the large swings, with 3k in bitcoin a few years ago your investment would be worth 40k. If you put it in gold your investment would be worth only 6k up from 3k lol. The dinosaur...

Firstly, this forum needs a multi-quote feature. Secondly, I took that intrinsic value meaning straight from gold lol. (it was a black Spyder)

The same happens with the housing market. You need to start looking at bitcoin like digital property...waterfront property.

You don't even need EW...last time it rallied to 19k and retraced to 3k, this time it rallied to 70k and retraced to 16k...extrapolate from there for the next cycle.

Is my 2008 Lambo a fairy tale? While you were being bamboozled by mainstream media jumping on the bandwagon, people like me were unloading because we knew it was extended...and we were anticipating for the 80% retrace to load up again. If you've been around bitcoin for a few cycles you kow...

I know right? All the people who missed the boat will continue to call for zero or make tulip mania references all the way to a million lol.

So wouldn't margin calcs for options then include the expected move data which is based on DTE? Therefore DTE is a consideration?

So from what I gather, a real time example would be: Current xsp price: $438 VIX expected move 30 dte: $13 Buy 1 30 DTE strangle @ 451/425 Price: $30.79 Delta: .-7 Debit: $3079 Sell 1 ATM? 0 dte straddle Price: 2.30 Delta: .11 Credit: $230

Cross trading...yet another practice rendering tape reading as useless information.

Its an election year what did you expect? :)

I should mention I only backtested a few months on one symbol. Actually it is not an unknown because the chart will tell you.

It's like nobody on this site has ever looked at a chart. Price is not random at all and in fact getting a long-term price right is easier than short-term. No price is not random. Not even close to random. It's like the opposite of random.. It's determined. Future price is completely...

What you are now seeing come to fruition has been determined since 2022, not because the bitcoin etf is nearing approval. Price action is simply completing the C&H that started in Jun 2022, and the news is aligning with that...just like the news of ftx came just about the time for the C&H to...

You need to look at the big picture...nothing but a typical Cup and Handle since Jan 2022.