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Help! How Can I Use Options to Trade Bitcoin ETFs as a Newbie?
Hi everyone, 👋 I’m new to options trading, and the recent launch of options for BlackRock's Bitcoin ETF (IBIT) caught my attention. With Bitcoin’s price hitting new highs recently, I’m tempted to try a straddle strategy to profit from potential big price swings, no matter the direction.
Here’s my question:
Is a straddle a good strategy for a volatile asset like Bitcoin ETFs?
How do I decide on the strike prices to maximize potential gains while minimizing losses?
Are there any specific risks I should know about, like time decay or liquidity issues in $iShares Bitcoin Trust (IBIT.US)$ options?
I’d love to hear your thoughts and experiences with similar trades. Any guidance would be super helpful as I navigate this exciting (but intimidating) world of options! 🙏 $iShares Bitcoin Trust (IBIT.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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