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How to Trade the New Bitcoin ETFs

by | Jan 11, 2024

I’m live at 1 p.m. ET TODAY ahead of the long holiday weekend… and I’ve been crushing MLK Day weekend for a couple of years now!

The new Bitcoin ETFs started trading after finally getting SEC approval late Wednesday. I’ve never been a big crypto guy, but I’ll offer my thoughts in today’s video…

Because this offers opportunities for options traders like us, particularly for selling premium. 

In fact, ETFs provide a way to trade Bitcoin without being affected by single stock news, making them more stable instruments — and I think some of these could be fantastic in terms of trading.

Here’s a list of the tradable tickers…

Bitcoin rallied over 5% this morning to almost $49K before falling negative, and even more volatility than normal is to be expected. 

So implied volatility has been sky high — I recommend turning on the implied volatility setting on your trading platform of choice (which I did in my video). 

Price movements may not fully correspond to options price changes due to that high implied volatility and market maker expectations.

Like I said, these instruments could be fantastic for trading… 

But there’s a BUT here… 

Be sure and check out my video up top and I’ll break it all down for you. 

And the day’s top flow below!

Thursday’s Top Order Flow: 

  • PANW Jan24 Strike: 325 Calls premium: $259,230 ABOVE ASK BULLISH Trade Date: January 11, 2024 Trade Time: 2:13 pm
  • MARA Jan25 Strike: 17.5 Puts premium: $125,000 ASK BEARISH
    Trade Date: January 11, 2024 Trade Time: 1:34 pm
  • MRVL Mar24 Strike: 67.5 Puts premium: $190,500 ASK BEARISH
    Trade Date: January 11, 2024 Trade Time: 11:15 am

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

Lance Ippolito Trading Team

Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros. 

You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito 

And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx 

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. It’s Time for Another Long Weekend Effect

We’re about to embark on yet another long holiday weekend.

And for us…

It’s ANOTHER chance to leverage an anomaly I call the “Long Weekend Effect.”

My track record for finding winners over long weekends is insane…

In fact, over MLK Day weekend, I’m 6 for 6.

I mean, look at this:

  • 4.8% on PYPL.
  • 8.2% on GOOGL.
  • 23.5% on WEN.
  • 54.8% on CRSR.
  • 68.5% on LVS.

And while I can never promise future returns or against losses, I’m going for it again this year.

If you want to learn what these long weekend trades are all about, and see which three stocks are likely to pay out over the long MLK weekend…

Join me LIVE at 4 p.m. ET TODAY, and I’ll show you why I’m so bullish about it.

Here’s Your Zoom Link!

Past performance is not indicative of any future results. Trade at your own risk. From 9/20/21 – 1/9/24 on live trades the win rate is 71.5%, the average return is 13.8% on the options over a 3 day average hold time, with an annualized return of 968.52%.

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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