Power Plays Options New Idea: IBIT Call Spread
December 4, 2024
By Scott Redler
I still believe Bitcoin is on track to exceed $100,000 by Christmas.
So for the very first idea in Power Plays Options idea EVER, I am adding a call spread in the iShares Bitcoin Trust ETF (IBIT) ETF.
The calls spread is structured as follows:
- Long IBIT $58 call expiring 12/27/24
- Short IBIT $61 call expiring 12/27/24
The ideal entry range for this idea would be 70 to 90 cents. (or lower if possible, of course!)
-Scott
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