MJ DeMarco
I followed the science; all I found was money.
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I’m probably the only person on the forum that has made money off of the brand new, shiny, BITO etf…
By buying puts and shorting the hell out of it.
Looks like a good place to take some option bets, pretty liquid, and ETF's based on futures tend to have a natural downward drift due to contango. (Look at USO for an example.)
Because of this, I'd lean to selling vertical call credit spreads and buying puts.
Contango Conmigo: Why a Bitcoin Futures ETF Could Be a Bloody Ride
Regulators maintain the futures market is a lower-risk way to list bitcoin. But there’s a major catch.
www.coindesk.com
The only concern I'd have is the ETF only trades in business hours. BTC trades 24/7. This doesn't give you flexibility during big moves in off market hours.
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