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Rumors are that options trading will go live tomorrow or Wednesday for the ETFs. Is anybody here planning on going full ape on some 1-year call options? I'll admit that I've taken a look at MSTR options in the past but the cost to trade them is crazy. I wonder if it will be realistic to take a bet for the December expiry options without having to spend five figures to do it... While I'm sure there will also be folks who think this is a top and will trade options accordingly, I think this has the potential to make a significant impact on the price of BTC.

It should be a matter of days, if not hours.

Allegedly going live tomorrow.

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Apparently, calls on debit have flattened out a little bit as punters are selling 100K.
So expect ETF options trading accordingly.
Remember that selling a call with Delta is a bullish positioning targeting an expiry toward 100K!

Care to elaborate for us mere mortals?

First, an option primer:
Everything you wanted to know about BTC options but were afraid to ask!

Selling a call option with strike at 100K allows you to cash in the price, and not being exposed to a loss until the BTC price crosses 100K before expiration.
In addition to that, selling a call, you buy futures.

So, if the BTC expires at 100K you:
1 Sold the option and cashed in the premium
2. Do not pay anything to the option buyer
3. Gain the P&L from the delta you bought at the initial price.

You’re talking about selling call options on Bitcoin as we enter probably the most bullish year ever? I sell covered calls on my stocks, but my goal is for them to expire worthless. I think I’m going to be taking a long look at the prices when they go live and may consider buying a massive amount of calls at around $250K with a December 25 expiry. If we end up $300K+ they could be worth a fortune.