3 Ways to Buy Bitcoin with Higher than 50% Probability
Jul 1, 2022
By The Small Exchange
Buying a market like Bitcoin at this deep of a discount can be nice, but doing so with an added edge in your favor thanks to options can be even better. Mikey and Frank use the cash market, futures, and options to buy cryptocurrency with a greater than 50% probability of profiting.
First, they use the spot market and call options to show you how to enter into a long Bitcoin position that's got a theoretical 55-75% chance of winning. Next, they skip buying the market outright to simply sell puts with as high as 80% probabilities of profit. Finally, the futures dudes cook up a cross-product covered call to make everything smaller by buying Small Cryptocurrency (SCCX) futures while selling call options on the Bitcoin (BITO) ETF.
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