BITO options are like 15-20 times leverage. Do the math, BITO is up $1.5 in 2 days, the corresponding ATM calls are from 40 cents to a dollar. So a 10% movement caused a 150% gain.
Market Rout Shows Dangers of Margin Lending, Crypto Style Paywall https://www.wsj.com/articles/market...ing-crypto-style-11658334507?mod=hp_lead_pos3
This site is better than twitter. I don't care whether people get margin called, what I care about is that the broker that has my money does not lose money.
Good point. What is the liquidity on those BITO options? Edit: Also, I forgot. I need to trade only crypto, can't trade options on equities.
not sure anyone with any sense would call that 20x leverage, but i forgot , this is ET and if thats the case , almost all atm options short dated will give you that big deal show us your lambo , hambo