💰 Bitcoin Hits $110K: Here’s Why I’m Buying iBIT and Selling Covered Calls

Optionspuppy
05-26


Bitcoin just soared past $110,000, setting a new all-time high and pushing its market cap over $2.1 trillion, now ranking it as the 5th largest asset globally — just behind gold, Microsoft, NVIDIA, and Apple. The crypto market is roaring, and while many are rushing in on pure speculation, I’m playing it with calculated precision.

Instead of chasing the highs or timing tops, I’m deploying a conservative yet highly profitable strategy: buying iBIT (iShares Bitcoin Trust) and selling covered calls to monetize the volatility.

📈 The Setup: Buy iBIT at $61, Sell the $55 C

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iBIT currently trades at $61. With volatility elevated — thanks to macro uncertainty, regulatory news like the GENIUS Act, and Trump’s potential crypto-friendly policies — option premiums are juicy$iShares Bitcoin Trust ETF(IBIT)$  

I choose to sell a covered call with a $55 strike expiring in 127 days, collecting a premium of $12 per share.

Let’s break this down:

• Initial Cost: $61 (buying 1 share)

• Premium Collected: $12 (from selling the call)

• Effective Cost Basis: $49 ($61 – $12)

• Maximum Upside (if called at $55): $6

• Return: $6 profit on $49 = 12.24%

• Time Frame: 127 days (~4.2 months)

This means I earn roughly 1% every 10 days or ~3% monthly, all while holding a Bitcoin-linked asset. No need to predict where BTC goes next — I win through structure and patience.

🔐 Why I Prefer This Over Spot BTC

While most retail investors YOLO into Bitcoin and altcoins, I prefer instruments like iBIT — a regulated, institutional-grade Bitcoin trust that gives me exposure to BTC’s upside with the flexibility of option income.

In a high-volatility environment, selling covered calls deep in the money lets me lock in double-digit returns while reducing risk. If Bitcoin pulls back, I still keep the premium and my downside is cushioned. If it rises slightly and I get called away, I walk off with a healthy 12% gain in 127 days.

In this setup, volatility is my friend — not my fear.

🧠 Macro View: Crypto, Trump, and Greed

With Trump signaling pro-crypto regulation, and stablecoin frameworks finally moving through Congress, we may be witnessing the institutional legitimization of Bitcoin. Market sentiment has clearly shifted to “greed” — and while that can lead to short-term spikes, it also means option premiums are inflating.

I don’t need to guess if BTC hits $120K or $90K. I’ll let the market pay me either way, one option contract at a time.

Final Word: Smart Income in a Speculative World

In a time where most chase headlines, I’m focused on generating steady returns with Bitcoin-based assets. iBIT lets me play the upside, and selling covered calls ensures I don’t leave money on the table — even during market consolidation.

If BTC keeps ripping, I profit. If it stalls, I still profit. That’s the power of structured, disciplined investing.@CaptainTiger @MillionaireTiger @TigerEvents @TigerStars @Daily_Discussion 

What Should You Watch When Investing in Crypto Stocks?
Recently, the hype around crypto-related stocks has cooled, but some believe that the crypto bull market is not yet over during Trump’s term. However, the performance of crypto stocks has diverged significantly. With BMNR’s lock-up shares set to be released on 9/2, should investors exit early? What key points should be considered when selecting crypto stocks?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Mortimer Arthur
    05-26
    Mortimer Arthur
    We are in the banana zone- will last till early 2026 - this is when big money is made
  • jigglyp
    05-26
    jigglyp
    That's a smart strategy
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