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re: Official CryptoTalk Thread

Posted on 3/29/24 at 1:16 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10233 posts
Posted on 3/29/24 at 1:16 pm to
LedgerX used to physically settle some futures and options.

They are no longer listing physically settled derivatives after June 28, 2024 expiry.

I'm not sure which regulated exchanges physically settle now.

For those that like to sell puts to lower their cost of entry into BTC (or ETH), or who like to generate income by selling covered calls, or who like to trade around / hedge their physical crypto, I'd be interested in your suggestions.

I haven't been on the board much, but y recent news is I sold all of my ETH, and going forward I plan to just own BTC. I have some various other stuff, but not a lot.
Posted by jerryc436
Franklin
Member since Jan 2014
519 posts
Posted on 3/29/24 at 1:40 pm to
I have been playing MARA by doing CC's and buy to open cash covered PUT's. Recently started doing the same with CLSK. MARA I am way ahead mainly because I hav been doing it for a while. Currently hav 1000 shares of MARA with cost basis below $9. CLSK I only have 100 shares and have been sell to open CC and PUTs and my cost basis is below $15. Premiums have added to my performance and it has worked out really well. I started slowly and have been slowly increasing. They are not actually BTC but I was more comfortable dealing with it this way. Also recently started dabbling with IBIT but have started real slow.
This post was edited on 3/29/24 at 1:43 pm
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