I closed
$BITO 20250124 20.0 PUT$ ,
I sold a cash-secured $20 put on BITO, capitalizing on its short-term support at $22. Despite crypto market weakness and Trump’s silence on bitcoin in his address, BITO stayed above $20, allowing the option to expire worthless. I pocketed the full premium, turning market uncertainty into a profitable trade. This strategy highlights the benefits of selling puts in volatile markets, leveraging time decay and defined risk for consistent income.
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