iShares Bitcoin Trust Stock Discussion

T
he biggest game changing event in financial markets happened this week. Bitcoin rose above US$99,000 for the first time on Thursday after rising 125% this year. That makes Bitcoin THE BEST performing asset. And more upside is ahead. Here’s what you need to know and the stocks to watch.
Bets are on for Bitcoin to imminently hit $100,000 then bring in the $175...

You win some, you lost some. life is such

Stocks rise across the globe, while traders Bitcoin shines the brightest.
Investors can’t seem to open their pockets quickly enough to buy more Bitcoin with it rising to US$98,258 and looks set to imminently hit US$100,000 before marching toward US$175,000, the next key level.
As for stocks that put on a table-thumping perf...

📊 Crypto Net Inflow : 2024-11-20
💰 BTC ETFs :  $774.6M 📈
💰 ETH ETFs :  -$30M 📉
⚡Elon Musk and Vivek Ramaswamy to launch "Dogecast" podcast for the #DOGE Department of Government Efficiency.
💰 BlackRock and Fidelity's spot #Bitcoin ETFs did a combined $4.17 BILLION in trading volume today
🔥  Biopharmaceutical company Acurx Pharmaceuticals is buying up to $1 million in #Bitcoin💰 as a treasury reserve asset
⚡️Bitwise registers for its #Solana💰 ETF in Delaware, per state d...

Trading for options on BlackRock's Bitcoin spot ETFs commenced on Nasdaq this Tuesday, marking a new approach to engaging with Bitcoin's market movements. In the opening hour of trading, the volume of options contracts reached 73,000, placing IBIT among the top 20 most traded non-index options, as reported by Nasdaq. The options achieved an unprecedented notional exposure of $1.9 billion. Bloomberg's ETF analysts h...

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 g...