BITO
ProShares Bitcoin Strategy ETF
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Bitcoin ETFs options, literally free money
Difference between BITO & IBIT?
Maybe Cathie Woods is more genius than we thought
My 5 biggest crypto stocks for 2024
$BITO is a great place holder for the 401k or IRA before all the spot ETF's are approved.
The election of the most radical S.O.T.H in modern history is the $100k Bitcoin catalyst.
Where may I buy Bitcoin/Ether LEAPS options in the United States?
What is everyone's thoughts on BITO? Good play for some sweet dividends or run from it?
Bitcoin Spot ETF’s – The Digital Gold Rush
BITO: Yesterday's Breakout confirmed. Bitcoin is back.
Bearish Decoupling: What we missed about the Bank Failures
Bearish Decoupling: What we missed about the Bank Failures
Picked up $75k worth of Jan 2025 BITO Leaps as bet on $BTC in the old Roth
2023-01-25 Wrinkle-brain Plays (Mathematically derived options plays)
Decentralized Money is Unlikely to Survive the Winter.
Curious if anyone is invested in ETFs that short crypto?
6K TO 600K IN 2+ YEARS! YOU LIKE 10,000%+ GAIN PORN?
6k to 565k in 2+ years...that's 9000%+ for those not good at maph
Have an ITM BITO 9/16 $32 Put - What can I do to offset losses?
So Who Is $RECAF (Recon Africa's) Arch Enemy, Short Fund Viceroy Research? Are They Behind Planted Fake Stories?
$8.74k profit in 3 days. Sold 220 $12 strike BITO puts for $0.41 per contract on Wednesday. Close them today for $0.01 per contract. Fortune favours the brave 🚀 🚀 🚀
$8.74k profit in 3 days. Sold 220 $12 strike BITO puts for $0.41 per contract ON Wednesday. Close them today for $0.01 per contract. Fortune favours the brave 🚀 🚀 🚀
With bitcoin coming to 401(k)'s, does that make BTC-related stocks the most obvious investment right now?
From 6k to 400k in 3 years update - is 6,680% gains good?
6k account update - is 6,680% gainz in 2 years good?
Digital money gain BITO options ~100k gain porn
$BITO puts are being dumped on the bid and calls are being bought at the ask! BTC to +300k! Hedge Funds who shorted $BITO thinking this was the tulip market of 1630s are trapped!! TD has this HTB which means retail has no access to short because they're saving all the shortable shares for themselves
$BITO will rocket to new hight because greedy shorts over stayed their welcome
$BITO puts are being dumped on the bid and calls are being bought at the ask! BTC to +300k! Hedge Funds who shorted $BITO thinking this was the tulip market of 1630s are trapped!! TD has this HTB which means retail has no access to short because they're saving all the shortable shares for themselves
Bought 310 calls options on $BITO! GOING to make a few million when bitcoin set a new all time hight over +$100,000. 31 March 22 $65 calls is what I bought for .04 a contract. #asymmetricrisk #crypto
Bought 310 calls options on $BITO! GOING to make a few million when btc set a new all time hight over +$100,000. 31 March 22 $65 calls is what I bought for .04 a contract. #asymmetricrisk
QQQ puts + ARKK puts - TSLA calls - BITO calls =
Cheeky $BITO puts 1 DTE bought Thursday night. The future is now!
Friendly discussion: BITO vs BTCC which has better long term growth opportunities?
Do the bonds in BITO (And similar ETFs) offset the time decay of etfs that follow futures?
If you're even the slightest bit bullish on crypto throughout the next year, there's no better way to play it than BITO
Digital/Crypto Investment Options Through Fidelity (Roth IRA)
BITO $3 rebound and record options volume for Bitcoin Futures ETF
Aped entire IRA into $BITO calls - $67K experiment 🚀
Earnings Moves, Apple, Amazon, Facebook, AMD, Robinhood, and EM for BITO
Commodity ETFs with Roll Strategy. Is any investment value lost as underlying prompt futures-contracts rollover into the new month?
Mentions
It broke 97 for good..it's going to retest ATHs at this point.. Calls on BITO
By raising money to buy BTC, MSTR no longer follows a 1:1 trajectory similar to a BTC ETF such as BITO. People like leveraged plays, because they can capitalize on higher % gains if they speculate on the long side correctly. The thing about MSTR here is that, they won't sell any BTC. So on a market downturn, especially a crypto winter, shareholders aren't guaranteed to get their claim on BTC back. This is because MSTR also raises money via convertible bonds, and bondholders have a higher claim to assets (BTC holdings from MSTR), in the event of a liquidity crisis.
I've been. Collecting checks off BITO monthly for a long time now. The price is irrelevant to me at this point
Buy a crypto ETF like BITO or IBIT?
BITO wtf
Up to $1300/month in dividends BITO NVDY MSTY JEPQ FIGHT ME
https://preview.redd.it/i06844nap0xe1.png?width=1063&format=png&auto=webp&s=cc34abbb0ce252964b54db526168f90244121301 I'm shorting $BITO
I have some BITO in my portfolio, but unfortunately for me I added it at what must be the exact top. My initial price bought was $25.75, lol
If you want tradable liquid options on the regulated side, ETFs like IBIT and BITO are the real deal now.
Three reasons mainly. The leveraged ETF is for day trading, not really for long term holding. Its options are way more expensive per contract on LEAPS. And I already own a good many BITO shares.
Do BITO LEAPS have higher volatilty than BITX? Why not own stock that never expires instead of LEAPS?
Bro, tomorrow I hope to be counting profits. I have BITO leaps for Jan ‘26 and ‘27. Spread $16 - $22. Might have to paper hand a few contracts.
I would go all in on BITO bitcoin , buy the dip options and go long buy as many as you can good luck. or IBIT or MSTR you choose but should be a good turn around.
If my BITO calls print today, then yes.
I find it hilarious that BITO is still in the green for me. Been dripping it for a year now.
I like to short QQQ and BITO of late also. Can you imagine, shorting tech, and not buying the dip?
Pick up a little GME tomorrow morning to brighten the day.. Add a splash of BITO for spiciness, just for fun🍻nfa
Lots of GME, LCID, BITO and a little TLRY on the side for seasoning 🍻🍻🍻🤦
I have both puts and calls open on BITO set to expire next Friday. I'm fairly confident both will expire. BITO is currently trading under NAV, the underlying asset (bitcoin) is enjoying an uptick. That should give the price a lot of support. and the call is far off. Plus I already bagged the dividend, no biggie if the call sells.
With contango, almost all futures (save those with high carry costs) exhibit contango. This doesn’t necessarily lead to NAV erosion by itself: the question is how much contango is priced in and by how much this exceeds the risk free rate. If you buy $100 of BITO the fund buys $100 of Bitcoin futures on CME. But futures trade on margin and don’t involve any initial cash outlay, so the fund still has $100 to invest which is does in short term treasuries, say yield 4% annualized. The question is whether the loss on rolling the futures contract exceeds the 4% made on holding treasuries. And you need to see how much premium the back month future trades wrt the expiring future. My understanding is the premium has been very low recently, so there is likely not much NAV erosion (and could even be the other way). If you want to see when contracts get rolled over download the fund holdings for a month and see on what day the futures contracts change.
Basically it looks like the current batch of futures contracts they hold are dated 25/APR/2025. My understanding is that when those futures contract nears expiration, BITO sells them and use the proceeds to purchase a new contract with a later expiration date. What I'm wondering is: \- How far out from expiration do the contracts get rolled, and if it is a fixed date out or if it varies. \- What effect this rollover has on NAV, and in which way. That is as in when would contango kick in, what it does to volatility. \- Should I avoid straddling contracts across the rollovers?
Question is above my pay grade, but I've liked wheeling BITO.
Yes, both spot ETFs and derivative/futures ETFs. My advice if you're going to go this route is to distribute your custodial risk among the spot ETFs. 'BITO' is a futures bitcoin ETF that aggressively distributes dividends based on price movements (note: more suitable for tax-favored accounts), so that is an option as well instead of or in addition to the spot ETFs.
I buy gold and silver ETFs for monthly income and to hedge against the markets. It is working out great. If the price of gold starts dropping unexpectedly I won't lose much. But if the price maintains it is steady income for years to come. $GLDI* $IGLD $SLVO* I do the same with BTC. $BITO $MSTY * These are ETNs and the divs aren't stable, but still getting high yields monthly.
On BTC stuff? My significant positions on it right now are 50x Jan 2027 calls at the 100 strike, 150x covered calls on BITO June 2025 at the 22 strike, and a notional of 10 BTC in CME bitcoin futures. I'm very bullish on BTC long-term.
SCHD, SVOL, BITO if it can remain stable
I have 1000 shares of bito with a similar thought process. MSTY pays more, but BITO seems less shady? I don’t know, maybe I’m overthinking that one.
Shifting a good portion into $SGOV and $BITO. And slowly DCA into my other positions. Lot of uncertainty right now so playing it cool and adding to positions when the time is right and didn’t wanna lose a lot of my gains I’ve made.
I don’t know how long this insanely high dividend can last on BITO, but I’ll take it while I can.
If you firmly believe Bitcoin will either retain or improve its value park some of it in BITO. It doesn't increase or decrease directly in line with bitcoin but it follows it (obviously). The 50% annual dividend yield it offers is the main attractor here, set it on auto-reinvest dividends and forget about it.
I bought 20c leaps on BITO. Not sure, but I think playing leaps on a crypto futures etf might just be regarded enough to belong here.
HOOD makes a lot of money from crypto trades. Some good ETFs around too Like BITO
I'm seeking knowledge from the wisest group of regards I've never met. While scoping for put options on crypto (🌽specifically) I noticed an odd trend-- for BITO, IBIT, and BITX there's a HUGE amount of open interest for puts on 3/21. Like huge, compared to other dates-- check for yourself.( eg. BITO $18p @ .65)Is there a crypto related event etc that's set to occur on 3/21? Why this date?
Lots of people write options against BITX or BITO etc, relevant for those that do.
Not if you write options against BITX or BITO etc
Me too. I actually own some BITO, a bitcoin ETF with a 52% dividend yield but it's currently getting slaughtered along with the rest of the crypto market.
I see you have some IBIT. I got out of crypto couple of years ago but recently picked up some BITO because of the insanely high dividend yield. Bitcoin is not as volatile as it used to be but it still isn't exactly smooth sailing. I do have it offset with SBIT is a hedge, so I won't lose any principal but I won't gain anything either. But it's worth it as long as they continue with the 50% dividend yield.
Fubo fnma and c3ai might have potential I have no idea what these stocks are. BITO and MSTY have been good lately and should continue
Bro wish I had 110k. Can buy BITO and live off 5k/month dividends and you over here gambling. Make it make sense
BITO yield is about 4% per month; it tracks bitcoin price via bitcoin futures (bull or x1). The average historical volatility of BITO is about 50%, which is quite large. So, it's not stable, it does not have 10% yield/month, it's not based on options and it depends upon btc performance. Apart from that, you are right.
BITO seems stable. 10% monthly yield and it’s based on options but it doesn’t specify bull or bear so it doesn’t matter how Btc performs as l
Making money is the name of the game! I will take small wins consistently over a few big wins. Talk to any old head or someone who has been doing this for years, they all say the same thing. Buys a few index ETFs or mutual funds and dividend stocks. You know the play right now because it's been there all along. List is not all inclusive and just recommendations. VOO or SPY SCHD/DRGO MAIN QQQM or QQQ BITO/IBIT for some crypto exposure Turn on DRIP and DCA Buy on red days or sell cash secured puts on a strike you want to own. What's your goal and exit strategy! Write it down and stick to it.
Thanks for the response. I own BITO and my cost basis is low so with dividends every month, I am still in the green as far as cost goes. Probably I could sell CC on those. Will look at MARA next.
MARA has been very good to me. For a while I ended up sandbagging it because I got assigned and the price ran away from me. I switched from weeklies to monthlies for a while. BITO also did great for me until volatility went down a while back (little volatility little premium). This one is hilarious because BITO is a bitcoin options ETF; you are writing options on an options play... If you sell options on BITO watch out for their monthly distribution, you don't want to straddle those because it can crash the stock price after ex date and you could get both assigned and no dividend. As a matter of fact if I was holding BITO because it got assigned I didn't write covered calls during Ex date weeks, the dividends were good enough.
Calls on BITO, Puts on VOO 🤷🤦🤣
BITO gives over 50% dividend monthly and move in step with BTC
Kinda into ETFs like BITO nowadays. Nice monthly dividends tho.
Exactly, i also don't get all the other ETFs made besides BITO, wtf is the difference if all they do is buy & hold btc
Kinda like crypto ETFs at the low. $BITO is one of them.
FUCCCCCCCCCCK I just bought $10K of BITO today. But I sold 4 26C and bought 4 21P. Will I be OK?
 look at the yearly chart BITO has gone down while BTC has reached ath. The only reason i still keep it is it gives a great dividend
I think you made a good call and I hold the same sentiment. I liquidated my stocks for the most part but I didn’t just cash out. I put most of it in USFR that’s paying a pretty decent dividend rn. I also left some in BITO because I can see Musky and his Tech Bros driving coins further up, but I don’t want to own a coin. This gives a little exposure with a good return.
They are turning the market into a MEME market. Up is down and nothing makes any logical sense. I put 90% of my holdings in USFR last week until the dust settles. Making little money, is better than loosing money. Still have 10% in BITO, for a little excitement.
Rebalance at set intervals. For growth: 60% SPY 20% ZROZ 10% SGOV 10% IBIT Or for income: 60% XDTE 20% ZROZ 10% SGOV 10% BITO
Sorry very late posting but just joined reddit this week. BITO has been paying monthly dividends averaging $0.72/share the last 20 months. Thats 35% compounded annually.
JEPQ, XDTE, and possibly GPIX are the best combo I've found. JEPI seemed pretty lame actually, seemed like it was almost always mildly in the red, and the dividends weren't great. GPIX seemed a bit better in that it wasn't "always" red. QDTE has awful NAV erosion. BITO has an amazingly high dividend, but huge swings. I would almost just gamble with short puts, and if you get exercised, just keep it for the next dividend.
No, I never got into the xYLDs, though maybe I should. At the time I was looking at them it seemed like they were going down. But since late 2023 they've gone up pretty good (RYLD not so much), and 12% yields according to Yahoo Finance. I just discovered the [Yieldmax](https://www.yieldmaxetfs.com/our-etfs/) products a month ago, and those have *very* tasty monthly premiums (2 of them are weekly). But again I hesitate because I don't want to get good dividends just to watch the NAV go down more. ETFs: yes, and I should do them more, tbh. SMH, XLK, UNG, BITO, JETS, DGRO, FNGS, XLF are ones I'm currently in. Mostly with long Call LEAPS, but all with Calls sold against them. Somebody here, maybe it was u/VegaStoleYourTendies, convinced my by his posts to stop selling CSPs (something he wrote caught my eye, so I went and read all his posts). They have all the downside risk, and don't pay that well; something like that. So I stopped doing those and don't even have a group heading for them in ToS anymore, so I'm not tempted. And check out WMT, it's been just incredible for over a year.
Typically today is day 1 of the Santa rall..So I hope so! Currently holding calls on: QQQ XLF BITO
IBIT or BITO calls
**IBIT** might be seen as: "I Buy In Today." **BITO** (the ProShares Bitcoin ETF) could be interpreted as: "Bitcoin, I’m Totally Out." The joke lies in contrasting someone enthusiastically jumping into a trade (IBIT) versus someone bailing out or avoiding a volatile asset like Bitcoin (BITO). It's a lighthearted way to poke fun at the emotions traders experience with market swings!
IBIT is a ETF that tracks the spot price of corn. BITO is a corn futures item.
i got a weekly BITO put leap when corn was at 103k. will i be able to get out of with some profit on monday?
BITO etf paying 46-52% dividend
https://preview.redd.it/je0afg0qoa8e1.png?width=864&format=pjpg&auto=webp&s=e5d470ef779ee26d79b9e53721d524dda212da58 Fwiw, BITO calls where absolutely loaded up on friday
First was 🍿 then I found options and all down hill from there , currently BITO CALLS been holding them for a year
Would take 10k of it and put into BITO for the dividend
puts on telser is not a normie. Normies only buy calls. But If you want to a sophisticated trade then do this. Short bitcoin futures then beta hedge that with BITO and earn the juicy dividends. NOT A FINANCIAL ADVICE. DON'T DO IT IF YOU DON"T KNOW HOW TO BETA HEDGE
Nice! My YTD gross is $10,925 (most of that is from June forward on $NVDA & $IBIT), but $7,321 on closed options. My remaining options (20 contracts on $IBIT, $BITO & $HOOD) expire 01/17/24, & I'll try to wait to close after the EOY.
I am long BITO but this is a terrible options play IMO. There’s not a ton of liquidity in contracts, they pay a monthly dividend (that kills the equity price), BITO doesn’t actually 1:1 track bitcoin because the fund trades BTC futures, IV is high. It’ll probably work but there’s more direct BTC plays that don’t have multiple sources of decay built into the underlying
**Sorry, we couldn’t find that ticker BITO. Maybe it doesn’t have enough short interest to get ranked by SqueezeFinder, or maybe it’s an IPO.** (Short Interest and other values updated daily – Price, Borrow Fees, Social Rank and Share Availability every 30 minutes) *No ETFs, OTCs or Mega Caps, pls 🙂 If your ticker isn’t found, it may have below 1% Short Interest. Some fields may be blank for tickers outside the Top 50 or so*
I sell CC's using a "rotation." On Bitcoin plays like IBIT/BITO/BITX I sell CC's Tue-Thu at .25-.50 Delta to expire Fri. If it passes through the strike price and assignment is imminent, I decide if I want to replace what would be assigned. Not hard to pick up 2% to 7% a week, downside is the tax burden but, I like the money in the bank with the option to buy back in.
Putting BITO and BITI on my watchlist, should be a fun roller coaster ride
Oh, nice. I wasn’t even aware of BITO! I do already leverage a number of high yield dividend stocks and ETFs/CTFs
Tomorrow could be pivotal for BTC. MSFT could vote it on there books or now. If they don’t, Amazon might flex and move forward. Bezos is behind Trump and Elon. BITO options could print. NFA.
I was only able to backtest your portfolio as far back as January 2022. The limit was on BITO. If we remove that I can backtest further. Your annualized rate of return for the period I was able to backtest was 9.18%, which is lower than VOO (I used this as a benchmark) Your standard deviation was 18.33%, which was higher than VOO. Lower is better Your max drawdown was also higher than VOO, 26.29%. Here's what matters: Your portfolio... Sharpe Ratio: 0.36 Sortino Ratio: 0.55 VOO... Sharpe Ratio: 0.41 Sortino Ratio: 0.62 Using this backtest data I determined that your portfolio is riskier and yields lower returns than simply investing in VOO.
One other detail I would criticize is BITO. Dividend heavy ETF's aren't always the best approach. Dividends make you perform worse, due to taxes. Take a look at IBIT, it performs the same as BITO when BITO's dividends are reinvested. So if you include the tax drag on BITO IBIT out performs it.
Newbie. My current portfolio. Should I move over to fidelity? 28m this is my current portfolio: 52.25% VOO, 9.5% IJH, 4.75% IJR, 28.5% IXUS, 5% BITO. Have been investing since Sept ‘21 through Acorns. Used them as intended. Set my portfolio to aggressive and forgot about it. 4 years later my portfolio value is $13,300 and I’m up 31% overall. • Taxable account • $1 monthly fee I have been thinking about switching over to fidelity and adjusting my portfolio to something more aggressive and growth oriented. I was thinking of something like: SCGH, VTI, IUS FZILX. New to investing, but these seemed like pretty solid ETFs. If not, I would love to hear recommendations on ones that I could look into to help build a better portfolio. My main reason for switching to Fidelity is that I don’t have a Roth IRA yet and was planning on opening one with a split of FZROX/FZILX. So wanted to go ahead and also switch my taxable account over. I also feel like my acorns portfolio isn’t as aggressive as I want it to be giving I plan to invest for the next 30+years and don’t mind taking risk until l hit a point where I feel I need to start being more conservative. Is it even worth me moving over to fidelity and completely changing my portfolio to like the one I gave above or should I just stick with the current one on acorns? I know there will be tax implications etc, but if I’m ever going to move over I feel like the time to do it is when my balance is relatively small. Sorry for long post. Hope it was easy to read at least lol
> China needs to ban again Mr. Pooh is having trouble himself deciding between FBTC, GBTC, BITO, IBIT, etc...
Yes. Reality is more complicated thanks to bid/ask spreads, premium/discount to NAV, and over a long timeline fund expenses, but I’d expect it to be roughly correct. The fact that it’s a *spot* bitcoin fund makes this easier. Before the approval of spot funds there were alternatives that held derivatives. [BITO’s](https://www.proshares.com/our-etfs/strategic/bito) still around and holds bitcoin futures. Their performance should correlate to BTC but you couldn’t really say “If bitcoin goes to $150K in the next year, BITO should be $X.” It depends on a bunch of other things.
+550% on BITO last night but only went from $12 to $78, imagine if i had a real port
Thanks. Just to reciprocate, I work in the optical networking space and am bullish on it, and the wider bandwidth/connectivity sector in the general. I am in CIEN, LITE, CRDO (up 47% yesterday), FN and RBBN to name some. I’m also in BTC via BITO
ETH going 🍌, BTC will bounce to test the 100k level again. Which makes me really like $BITO as my ETF play 🍌🍑💹
ETH going 🍌, BTC will bounce to test the 100k level again. Which makes me really like $BITO as my ETF play 🍌🍑💹
Think I meant to reply to a different person, but some of the Yieldmax funds have treated me VERY well with massive dividends AND maintained value or had growth too. Some I trimmed out and got out of. BITO is another great one to me. FEPI is great as well.
South Korea going crazy. Cryptos ($BITO) and $SOFI going crazy soon 🍌🍑 💹😁
South Korea Fear. $BITO is my play right now. Shit getting crazy yo
30 mins til power hour and I'm dip buying everything right now including $BITO and $RIVN 😂 🍌🍑💹
BKSY, RGTI, BITO and ARCH, calls on which one? I'm thinking BITO and ARCH