Baron's Crypto Trading Journal
- Thread starter Baron
- Start date
And just so everyone is in the loop, I took a trip to the Bahamas recently with some friends for my 50th birthday, and it appears that Overnight is quite fond of the one on the right.
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Yup. Gimme!
And just so everyone is in the loop, I took a trip to the Bahamas recently with some friends for my 50th birthday, and it appears that Overnight is quite fond of the one on the right.
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Can't help but notice how your friends all wear their face masks in a most unusual way.
Keep it up Baron, enjoy while it lasts, but it never does . The good life is about experiences
As an alternative to Baron's layering into BTC, we can compare my selling CSPs on mining companies. Both are bullish on crypto, but selling puts makes money even in a sideways market.
HUT was obviously up last month, yesterday I sold the second batch. If HUT stays above $12 I make 7.5% in a month.
HUT was obviously up last month, yesterday I sold the second batch. If HUT stays above $12 I make 7.5% in a month.
Can you walk me through the math on that? Is that 7.5% per month or annualized?
What's the worst thing that could happen. What happens if it gaps down to 10 tomorrow morning on some kind of horrific news? (Fraud, lawsuit, something like that)
these are all buy and hold forever right?
The $12 strike was selling for 0.9, one month out, so that is 7.5% monthly.(90 return on 1200 tied down) If it goes below 11.1 (12 is the max. profit, between 11.1 and 12 there is still a decreasing profit) I either buy it back with a loss or just get the shares and start to sell CCs. This is also known as playing the wheel strategy.