DeltaTheta_Research

Flash Idea: Bitcoin Short Strangle $BTC

BINANCE:BTCUSD   Bitcoin
After the price spike last week volatility fluctuations has stabilized at around 70%. The idea is all about using a period relatively a stabilized price range and receiving income through the sale of options in a short-time period.


Flash Idea:
For income receiving, we sell two types of options within the framework of the trading channel with an expected price till September 17. By selling CALL option at price 51 000 we receive a premium of 12 USD for the contract of 0.1BTC.
In addition, we sell PUT option at price 44 000 with an approximate premium of 15 USD.
Thus, we form an expected channel of price movement for the upcoming two days.
The expected profitability will be around 51% annual on the capital used.


Risks:
If at the moment of expiration the price will exit the trading channel, losses will correspond to the difference between the current price and the nearest channel border.

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