Bitcoin: Up, down? Who knows. but you can profit either way.
Is BTCUSD going up or down? There is no realistic way you can tell me, so don't. The real "man" for this trade says: "Who cares. I will make money either way."
Deribit has at-the-money put options, expiring in 10 days for $130 USD to buy. The trade is simple: Go long 1 coin and buy 2 put options (That is your ratio). If BTCUSD goes up, you need a move to about $2,800.00 to break even. If it goes that high, it will likely break through $3k. If BTCUSD goes down, you need about $2,200.00 to be profitable over your cost of the option plus the loss on the long position.
Deribit has at-the-money put options, expiring in 10 days for $130 USD to buy. The trade is simple: Go long 1 coin and buy 2 put options (That is your ratio). If BTCUSD goes up, you need a move to about $2,800.00 to break even. If it goes that high, it will likely break through $3k. If BTCUSD goes down, you need about $2,200.00 to be profitable over your cost of the option plus the loss on the long position.
