$15,000 Weekly YOLO on IBIT - 250 Sept 25 calls for $.6 each - Looking for $114,000 profit
$IBIT
AI SUMMARY — User is making a leveraged bet on IBIT (Bitcoin ETF) by purchasing 250 September 25 call options at $0.60 each ($15,000 total), with a target exit strategy of selling portions at $2.50 and $6.00 per contract for potential $114,000 profit. Primary risk is total loss of capital if IBIT doesn't move sufficiently higher by expiration, combined with time decay and volatility risks inherent in short-dated options.
| TICKER | IBIT |
USER | u/rwc5078 |
| RATING |
BULLISH |
ENTRY |
$46.01
|
| POSITION |
250 contracts (25000 sh eq)
|
BOOK VAL |
$1150125.00 |
| CURRENT |
$46.15 |
P&L % |
+0.32%
|
| CURR VAL |
$1153750.00 |
P&L $ |
+3625.00
|
Do you remember when everyone thought blockchain was going to solve the wolrd's problems? Well it aint and it won't, but it doesn't mean there is not money to be made!
I purchased 250 Sept 25 calls for $.6 each for a total of $15,000 and I will scale out of this position.
Goal/Strategy/Wishful thinking: I will sell 60 contracts for $2.5 each which will bring me to break even. Then I will monitor the remaining 190 contracts and hopefully sell for $6 each! I will also update the body whether I win or lose!
Good Luck to all the degenerates out there and god speed!