As volatility is picking up in Bitcoin, its a good time to review how we are trading Bitcoin options in Blue Line Trading, PRO and Premium Option Services. It's pretty simple, BITO is a ProShares ETF that invests in Bitcoin futures contracts. It's our option vehicle of choice, as it tracks percentage gains in Bitcoin about one-to-one. That keeps the premium's down and the exponential potential up...way, way, up. Note on the entries chronicled in the tables below that most of our prices paid for the options have been under $2.00 and in fact, closer to $1.00 than $2.00. That allows for leveraged moves up 3X to 5X before we roll-over and do it again.
Below is listed our unexpired and thus currently active options in both services:
Blue Line PRO Service
Blue Line Premium Service
Notes:
Since 8/26 Bitcoin is +60%
Since 10/15 Bitcoin is +49%
Since 11/11 Bitcoin is +13%
Since 11/13 Bitcoin is +10%
Pyramiding Gains - PRO Service
Pyramiding Gains - PRO Service
This is an example of pyramiding gains from the PRO Service. We covered a similar campaign last weekend using calls in PLTR...note the update below BITO:
Since Oct 15th Bitcoin has risen from $67,050 to $100,000, about 49%, while two easy trades in BITO calls rolled over has turned $1,000 into over $12,000, a gain of over 1100%.
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PLTR Updated from last weekend:
From May 7th, PLTR is up from $21.40 to $76.34, up over 250%. Meanwhile, four call trades in the PRO Service, when taken cumulatively, are up over 17,000%.
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Bitcoin
Lots of room to run in 2025
BITO
Ditto