Cboe Applies to List First Bitcoin ETF in US - Decrypt
published: 1 minute ago
Equities market operator Cboe BZX Exchange has filed a proposal with the SEC to list and trade shares in the proposed VanEck Bitcoin Trust.
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In the current situation, the holder would only profit if Ether trades above $2,180 in 39 days, a 21% gain from the current $1,800. The suggested bullish strategy consists of selling a $2,240 put to create positive exposure to Ether while simultaneously selling a $2,880 call to reduce gains above that level. These trades were modelled from Ether price at $1,800. Two out-of-the-money (small odds) positions are needed to protect from the possible price crashes below 20% or Ether gains above 130%. The above trade consists of selling 1 Ether contract of the March 26 put option with a $2,240 strike while selling another 1 Ether contract of the $2,880 strike.