Trade Alert: Crashing Bitcoin Miners, BITO v. IBIT, and U
We also started trading out BITO for the new IBIT ETF from iShares/Blackrock. Not rushing in here.
Bryce here. Cody went home not feeling well today but we wanted to send out a quick trade alert as there has been a lot of volatility in the market. First, we sold quite a few puts today including most of our puts on the bitcoin miners like HIVE, HUT, BTBT, BITF, etc.
We also started trading out BITO for the new IBIT ETF from iShares/Blackrock. Not rushing in here.
Lastly, we picked up a little Unity (U). The company announced earlier this week that they are laying off around 25% of their workforce. We think this is a step in the right direction. Again, not rushing in.
That’s it for now folks!
