I closed
$BITX 20250124 30.0 PUT$ ,
I sold a cash-secured put option on BITX stock with an exercise price of $30, below its short-term support level of $48. Despite the anticipation of Trump's potential plans for Bitcoin, he omitted any mention of cryptocurrency in his inaugural address. The market reacted negatively, causing crypto stocks to drop. As a result, the option expired worthless, allowing me to pocket the full premium. This position capitalized on market uncertainty surrounding Bitcoin's future.
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