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 would be worth a fortune.
December 2024 or 2025? In the latter case, the premium's going to be crazy.
December 25. I want to see the premium for myself. I can’t imagine it would be too ridiculous buying so far out of the money calls, but we will find out tomorrow. I’ll probably be looking at buying so far out of the money that it seems like throwing money away with the expectation for a 300%+ gain next year.