Why this report matters
Our short strangle recommended on November 24, has performed well, falling in value from $2,279 to just $550 as the probability of Bitcoin breaking out of its range has diminished, particularly now that the FOMC meeting has passed and the quieter holiday period begins, with already-muted retail activity helping to suppress implied volatility.
On November 2, we also recommended selling the $390 Coinbase call when the stock traded at $344, based on our fair-value estimate of $318. As trading volumes continued to deteriorate, Coinbase fell to $275, driving the value of those calls from 4.9% to nearly zero. Both strategies illustrate how investors can generate yield and returns even in bear-market conditions, though successful execution requires timely positioning.
Bitcoin - still struggling with resistance, a break is coming either way
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