Bitcoin Bullish Buzz: Limited Risk Call Spread for Quick Gains!
Sideways View on BTCUSDT
Trade:
Sell Call Spread – BTC – 35000 – 35200 – 2 November expiry at 40$
Stop Loss: Spread Premium of $80
Target: Spread Premium of $0
Payoff:
Max Profit: 440/BTC
Max Loss : 440/BTC
Rationale:
Following a notable price increase in the previous week, Bitcoin is presently confined to a tight trading range, encountering resistance around the $35,000 mark.
Enhancing the probability of this scenario, there is notable open interest (OI) in the $35,000 call options.
Trade:
Sell Call Spread – BTC – 35000 – 35200 – 2 November expiry at 40$
Stop Loss: Spread Premium of $80
Target: Spread Premium of $0
Payoff:
Max Profit: 440/BTC
Max Loss : 440/BTC
Rationale:
Following a notable price increase in the previous week, Bitcoin is presently confined to a tight trading range, encountering resistance around the $35,000 mark.
Enhancing the probability of this scenario, there is notable open interest (OI) in the $35,000 call options.
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