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IBIT options are wild

Someone knows something is up - people are betting huge out to $90 to $100 IBIT

I entered an SL for end of NOV - super short for giggles (size of my allocation is 0.0003) - cost was 1.21 - breakeven is for IBIT to be above 70.21 by end of NOV. It hit 70.53 today.

IBIT was at 69.70 at the time but it took a long time to fill - hundreds of Ks

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myshoesfit

On robinhood it says if you have a margin account you should be able to do it

Mangrove Dweller

Is anyone looking to just buy the call? Too risky? I don’t have enough cash in my account to sell puts on margin.

myshoesfit

Remember James goals are not your goals. If you saw how small his position is to his overall bag. This is just sport for him

Doodle Dandy

I have only bought t calls in my five / six years w James. Too risky for this guy t sell a put. If t investment we r betting on, goes down, ur call is worthless and u could have t come up w 100 shares. Am I wrong? Pray tell.

Nandakumar Sukumar

This is the first time I am planning to use the two leg option. I am using Robinhood once it is assigned so I have to sell the put immediately and keep the call. Please 🙏 help me

Luis Calderon

People buy far options, not necessarily expecting the price to reach a certain level, but to move quickly prior to decay, which captures a large amount of premium relative to the cash invested.

DrJen

Goooo IBIT!!! :-)

CryptoBong

Is this the $BTC to 444K by Nov 18th prediction from Josh Mandel on X? Well well well :)

kthomsen

For most, when James is doing a SL(synthetic long…. like artificial long) you could just Buy the stock, and not deal with anything complicated. That would be an actual long.

juj c

Entering the trade now

juj c

2 contracts only leaps 70 exp nov 28 … dipping toes @ 71.35