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If racehorses can be held in a self-directed IRA then I suppose physical gold can be too. IRAs of the self-directed kind are a special kind of IRA. Is a single-commodity ETF treated as an ordinary stock ETF? Not if it’s a grantor trust like GLD or SGOL or IBIT or FBTC. These are treated as if you actually own the commodity itself, and are using the ETF as a custodian of sorts. And the maintenance fees we pay these ETFs? They’re an expense the IRS recognizes and we can add them to our cost basis. Complicating things a bit is that the ETF shaves off a bit of our commodity each month and cashes it to pay expenses. That’s a taxable event that gets passed through to us and we report those monthly transactions on Schedule D.
Strong feeling that crypto will get a huge pump this week or next. Good time to start accumulating IBIT and ETHA.
Everybody is going to pile into bitcoin at 150-175K just like they did GLD, that’s when I’ll know to take profit on IBIT calls
IBIT or buy shares or SBIT (inverse ETF)
Isn't IBIT down 17% from 19 days ago? I will never get why this ponzi scheme seems invincible.
IBIT and BITO have options chains
If 80k is your 6-month salary, you'll be fine. You just paid the stupid tax. Now go put your invesment into diversified index fund like VTI, ACWI, INDY, FXI, TLT/BIL, GLD and IBIT.
In my opinion the market has not yet fully valued $HOOD after they have entered the prediction market. Earnings is Nov 5th, while it has jumped up today, it still has not hit its ATH it was at a few weeks ago. If earnings go exceptionally well I think this stock could see growth through the end of the year. You just need to identify a good entry point that you are comfortable with. Another one a lot of analysts are talking about especially after the gold has taken a small hit the last couple of days is $SSRM. They are one of the leaders in gold mining and if you are bullish on gold, this would be a good one to own. There also crypto if that is your thing. $BMNR or $ETHA for ethereum $IBIT or $CIFR for bitcoin. NFA -- DYOR
Continue to hold my wild card IBIT long positions over the weekend.
Continue to accumulate IBIT at 62.4, target 70.
Schwab counts the IBIT options as 1256. Source: my own tax statements from Schwab.
When does the IBIT rally start
Bought more IBIT around 62.8, target 70.
Politicians buying IBIT & massive option flows into MSTR. Big move happening in Bitcoin soon…
right now they are churning it, we have to watch the aggregator (google BTC aggr) and liquidity heatmap (eg Coinglass's version) to find the right entry/exits with the highest probability. I have been using this to daytrade IBIT long options, hitting about 65% of my trades with most gainers being larger than the losers. BTC is flat since last December's high. Anyone who has sat tight for the last 10 months has lost the chance to make tons of money elsewhere. My port was up 18% in one day on the back of a smaller cap whose ticker I can't print here or I'll be banned.
Oh -- I have the same issue. All my retirement accounts are through Vanguard and they don't let you buy GLD or IBIT or whatever. Extremely annoying.
Added a lil more IBIT around 62.1, target 70.
Puts on IBIT for Jan 2027 makes sense to me. I'm going to start building a position. Then after it dumps and I cash out my puts, I can buy bitcoin and buy IBIT calls. Repeat every 4 years.
IBIT’s inflows = more BTC being custodied for the ETF, which in turn boosts BlackRock’s total Bitcoin exposure.
I get the same message on Schwab when selling covered calls on my IBIT position. I think it's a generic message as I hold the shares that I'm selling the calls against.
THIS! Great job what a good call on your part. My Palantir and Robinhood has done amazing. I often do BMNR and IBIT call options. Buying bitcoin stock as well.
And it’s up 65 percent in 1 year compared to 15 percent on spy, so cherry picking time frames doesn’t mean shit. I mean if you’re so confident then sure go for it, the flow is still heavily bullish on IBIT and FBTC
Bought IBIT near intraday high, and it is crashing; terrible day for my port.
Holy shit I just checked IBIT for the first time since I sold my calls and I actually got out at the tippy top. Only missed out on maybe $10. W
IBIT 6 month out calls. F&G in the 20s historically always great to buy right now.
GLD, IBIT, TSLA calls free money
Bought more IBIT at 64.2; it seems some safe haven inflow to crypto is happening.
Yall better be buying IBIT, ETHA, and alts. We’re on the cusp of the big ballistic blow off top
Bought back IBIT at 63.5 and 64; target 70.
I bought calls on IBIT thinking the GLD might be rotating into BTC when I saw the dump happening. May have been right
I’d like BTC to crash to 75k tomorrow for my IBIT puts
If you want exposure to btc, buy IBIT or BTCI. Mstr had its time now its stagnant and no longer correlated heavily.
There has been greater divergence between BTC and MSTR in recent months, most likely because there are a lot more other ways to invest into BTC without a proxy. If you want leverage in options on BTC, drop MSTR. Look into IBIT, bitcoin etf with its options.
> we are looking for something different to further diversify > ok with a long-term investment Bitcoin. Just buy one of the ETFS - IBIT or BITB are good. Long term for 10+ years. Do not buy unless you are comfortable with that timeframe.
Sold out IBIT around 63 (cost 59.6, 59.75, 61.2 and 61.4), took profit 💰💰💰💰 125k prolly the TOP for this year, back testing downtrend resistance now.
I got IBIT at 59.7. gonna hold till 64 and sell it to reenter. IBIT is a great stock to wheel with fat premiums
I park mine in a money market account. You could also use SGOV. I also have some funds in IBIT, though that is more risky.
Gold is going to drop and that liquidity is going to flow into bitcoin, check the amount of puts on gld vs calls on IBIT. Argue with me if you like but it’s going to happen. Btc bers like u/GoZukkYourself will be furious
Unless quantum nerds can hack it (they can’t because quantum is a fake scam) crypto is going back to all time highs sooner or later so buy some HOOD or IBIT or COIN or whatever. Maybe not MSTR tho
Sold SPY calls, bought INTC and IBIT calls
Just got to have the stomach to ride them to 175% gain and back to 20% loss. I'm selling mine as soon as they have 200-300% gain. Get the IBIT 90 Jan 26 strike, damn cheap today
IBIT call flow leaning bullish so probably smart
What’s the benefit to IBIT over BTC?
Accumulate IBIT at 59.75, as planned.
Why Bitcoin price jumped from few bucks to $100k within 15 years? The plan is to replace US dollar with Bitcoin, why Wall Street signaled $1 mil price target in the next decade? because it need to pay off US debt. Let's buy IBIT now and make money out of these SOB.
Accumulate IBIT at 59.6, In Bitcoin We Trust.
Need some advice. Large amount of IBIT 65C expiring end of the month. Is it worth holding or shd I just cut my losses..
No it wouldn’t lmao. All it means is you wouldn’t pay tax on your gains when you sold the exact same way you don’t pay tax on a tax free account. When you hold IBIT in a tax free account, do you pay taxes on the gains? No. It shouldn’t be any different if you hold actual btc vs the etf. There’s literally 0 reason this would lead to a sell off
we should sell GLD and buy IBIT calls BTC is for americans reserve asset
IBIT calls easiest play for the next days
I have IBIT and BTCI.. bought recently
Why u selling IBIT dummy
Bought more IBIT at 61.4, bounce is ahead.
Just started a strategic swing long position, IBIT at 61.2; you got it, bitcoin.
Since you are here. Im holding IBIT and BTCI when BTC hit 123k. Its now 112k. As long as I hold these two, BTC will stay down. But Im gonna hold it til Christmas.
[IBIT $30M calls in option flow](https://imgur.com/a/acq2vHQ) (one of them is $6M 1 DTE call)
Trade you for my IBIT calls. Lol
!banbet IBIT +10% 3w
If you aren't buying some IBIT for the inevitable fuck you bounce then you aren't playing the game right
$30 on IBIT 65c 1dte fuck it why not. Either Valhalla or lose less than a doordash order
I do the opposite....we can learn from each other! I buy VT GLD and IBIT 80/10/10 what options strategy do you use?
Happened to me multiple times with IBIT on my December NTM calls when BTC was up like 1.5%. Infuriating.
For the past two months, I've been very reliable. I bought IBIT when BTC was at 123k. It kept falling even today. If you care, I bought UUUU last friday. Fall incoming.
Is this IBIT shares or what? How did you get so much money, but not understand how to include the ticker in the screenshot and/or the post? It's not a loss until you sell. Besides, you lost like 3.5%. That's essentially just noise. In case you only wanted to flex your net worth for attention, this was a rather poor take. 😄
Let this be lesson to you all. I got kind of roped into RHs low margin rates. I’m paying under 5% but I can’t buy warrants nor rights. I’m looking through old posts and texts and I was so early on all of this. WTF I had GSTR at $2s. Yet here I am levered 4X on ULTY, YBTC and IBIT collars and deeply regretting missing all of this SPAC mania. Fook me. I even wanted WMT under 100 and they announce AI deal today. There’s not enough bourbon in my cabinet to ease my regret right now. Fook.
I need my ONDS and IBIT calls to print 🥀
IBIT, SMH, VGT. Ripper!!!
Whoa, easy. I got a small amount of IBIT shares in the port in case those fucks keep pumping it. Less than 10%, but still.
Except it's not fraudulent. You can go and sell a Bitcoin future right now, without any Bitcoin, if you like. And Bitcoin "banks" don't care about being long Bitcoin, just as bullion banks don't care about the price of gold. They exist to profit from the futures market. That's why they *wanted* these products (futures contracts, ETFs like IBIT, etc).
Sooo, BTC is up, but IBIT 69 calls for December are down?? WTF is this scam?
I was under the impression they do hold 1-1 bitcoin like IBIT does
Yall are about to see the biggest crypto move in history to the upside and you’re not in treasury options whether it’s IBIT or ETHA. I’m literally 300K deep in this shit lmfao
I bought IBIT calls for Friday and should have bought puts. i try not to think about it.
That's even better, bravo 👏👏 I only recommend IBIT cause most peeps here have no idea about Bitcoin let alone cold storage!
I think digital assets are going to be quite bearish for a while now. All the bros that got wiped out with leverage are not going to be returning any time soon since they are broke. Institutional investors that were considering an allocation to IBIT/ETHA are probably reconsidering now given the risk of a flash crash. Many assumed that volatility had normalized enough to the extent that was safe for big funds to start allocating, but that's clearly not the case.
> IBIT etf Fucking based , thank you I just read the article talking about how this outpaced SP500 I will look into this lol
\- Covered strangles (CSP + long shares + ratio covered call) sure, right now I have a CS on in IBIT - where I am long shares, have CSPs out in two different expirations around a .35-40 delta (before friday's drop), and short calls out \~35DTE at a \~.25 delta at a ratio to the long shares (aka for every 300 shares long, there is 1 short call against it). I do actively manage these to keep the risk inline with my goals for the portfolio as a whole. the CS positions tend to be my largest holdings and tend to be net long deltas - so they need to be looked after.
Approximately the time I cut my IBIT holdings in half to the core position. Total dumb luck. I felt like when it couldnt hold above the fib retracement reclaim it was clearly going to retrace back to 50% from the recent move. It's overshot and will go to 100% now minimum.
Sorry I was mojitod and forgot to reply Mutual funds fselx/fskax, on Monday I may add some international fund like ftihx cuz I don’t have international exposure and those have dipped a bit. For stonks I own MP, F, SNDK, CRWD, META, SQQQ, IBIT, JD (do not fucking buy this). For options I have calls on gld (395, 12/31), googl (300, 9/16 2026), nvda (195, 1/16 2026). Then I just have some money parked in two cd cuz the rate like 4.3%. Roth entirely in target date fund (ffijx) cuz I’m not playing w my retirement lmao. To put into context about half my brokerage is mutual funds that I still dca into monthly or more during clifford
everyone like 'btc etf outflow so little, this just buy the dip bruh' and im like 'bruh imagine when the etfs start selling eyyyooo' IBIT will puke at bottoms, but IBIT includes all retail regard. just putting the word blackrock on it doesnt mean everyone whos buying it is a fkin genius i expect more downside for here, but am not short. waiting with cash
IBIT has decent option liquidity for covered calls/short put income too, if one wants to get into that sort of thing.
Why do you have a limit order when you could have been selling covered calls on IBIT
I have so many IBIT puts i called it I said ATH and then another drop bang