Bitcoin Keeps Hitting High?

As it stands above $94,000, we’re in uncharted territory 🚀. This volatility opens the door for advanced options strategies. Here’s my approach:

– Bull Call Spread: To capture upside momentum while limiting risk, I’m buying a near-the-money call option and selling a higher strike call. This reduces the net cost while profiting if Bitcoin ETFs continue climbing.

– Protective Put: With Bitcoin’s tendency for sharp corrections, I’m hedging my long positions by purchasing puts as insurance.

– Iron Condor: For those expecting Bitcoin’s price to consolidate, this strategy works by selling a call and a put at closer strike prices while buying farther out ones.

Key to success? Watch Bitcoin’s implied volatility levels and time entries around pullbacks to avoid overpaying for options premiums. Let’s discuss—what’s your play in this high-volatility market?