With BTC trading around 110K. I feel good with doing a one week CSP on BITX its 2x leverage ETF. With BITX trading around $50. I went ahead and did a CSP at the $45 strike which will get me $100 in premium for an 8 day trade. If BITX were to fall below 45 by next Friday, I will turn around and sell an ATM cover Call. Don’t forget BITX pays a nice Monthly dividend as well. So if we end up not unloading the shares for a few weeks we may just reap the benefits of the dividend too.
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