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5.8% ROI Using Bitcoin ETF BITO by Selling Cash Secured Put - Continuous Wheel Strategy
1 year ago
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In this video we show you how you can create cashflow utilizing a Bitcoin ETF. We sold a cash secured put and obtained a 5.8% ROI on the cash collateral involved. We did get assigned on this option, but now just turn around and placed an order to sell a covered call on our newly acquired shares and placed another sell order for a cash secured put at the now even lower stock etf price, collecting premium playing both sides now.
Stock/Ticker Involved:
ProShares Bitcoin Strategy ETF (BITO)
NOT INVESTMENT ADVICE - EDUCATION AND ENTERTAINMENT PURPOSES ONLY!!!
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