Geopolitical tensions have caused
#Bitcoin historical volatility to spike in the near term. 1 day implied vol has also moved higher. π
This could be a good opportunity to sell vol, & collect a juicy premium, with a Short Iron Butterfly spread on DeVol.
If BTC stays between 61,975 and 65,321 by expiration in less than one day, the trade will be profitable.
π’ 2024-04-16, PUT, 60,929
π΄ 2024-04-16, PUT, 63,648
π΄ 2024-04-16, CALL, 63,648
π’ 2024-04-16, CALL, 66,487
Max profit is at 63,648
Breakeven is 61,975 & 65,321
Max loss is below 60,930 & above 66,488
#DeFi,
#OptionsTrading,
#NFA