Square is taking on the big cryptocurrency exchanges Square, the online payments company founded by Twitter's Jack Dorsey, has been running a trial that allows users of its CashApp to buy and sell bitcoin. And both Wall Street and the crypto world thinks the company stands a good chance at breaking into the nascent digital coin market. Square added the feature to Cash, a rival to Venmo, because users asked for it, the company said in a statement.(Business Insider)
SQ is a bull in a big way from here. Long the outright from 40.66. Short the Jan $40 put for 3.10. Short the Dec $45 call for .97.
Just sold the shares for 42.68. +2.99 on the covered call...hopefully I'll get assigned on the short put.