3.60Open3.40Pre Close412 Volume477 Open Interest62.00Strike Price176.97KTurnover154.37%IV3.83%PremiumNov 29, 2024Expiry Date3.48Intrinsic Value100Multiplier4DDays to Expiry2.24Extrinsic Value100Contract SizeAmericanOptions Type-0.6073Delta0.0412Gamma10.18Leverage Ratio-0.4864Theta-0.0041Rho-6.18Eff Leverage0.0232Vega
EZ_money : yes, a BTC ETF is a derivative of Bitcoin, which is a derivative of the dollar, which is supposed to be representation of something of value, but without anything backing it up there's no accountability, no value...for either.
EZ_money : they like to create these assets out of thing air, helps them control other assets, ETFs have fees you have to pay into
EZ_money : if the ETFs start losing money they stop paying dividends
10baggerbamm : it's the same way that microstrategy is generating 500 million a day in profits.
BITX generates dividends by trading monthly Bitcoin futures contracts. By law, it must distribute 90% of its profits to avoid taxes, leading to monthly dividend payments. The fund does not invest directly in Bitcoin but seeks to benefit from Bitcoin futures price movements, aiming for 2x daily exposure. The dividends come from the yields generated by these futures contracts and cash equivalents held as collateral or margin requirements. The current dividend yield is around 11.8%, with recent payments of $0.59 per share