Dear reader,
Last week, I celebrated the launch of the first true options on bitcoin by placing a trade on the iShares Bitcoin Trust ETF (IBIT).
With volume hitting $1.6 billion by midday on launch day, it’s clear I’m not the only trader who’s been waiting a long time to trade options on bitcoin…
Now, if you missed last week’s video, you’ll want to catch up here – because today, we’re going to take another look at IBIT, the trade, and everything else going on in this exciting new market…
In this week’s video, I’ll walk you through:
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How iBit Has Performed – A breakdown of its 7% dip and what that means for your trades.
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Top Options Playbook – The specific December 20th calls that saw over 25,000 contracts trade last week, including their probabilities (hint: some are as low as 3%!).
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The Burning Question – Are IBIT options finally worth buying? You’ll have to click below to get the answer…
Before I go, I’d like to wish you and your family a Happy Thanksgiving!
And I’ll be back on Black Friday to take a look ahead at one of the patterns we’ll be zeroing in on as the year comes to a close.
Good trading,
Tom Gentile
America’s Pattern Trader