Read on Twitter
TixWix is such a simple yet strategic product. It’s quickly become my favourite trade.
After the overnight pop above $16,000, I’m scaling out of my upside daily TIX contracts so I can hold onto my $16,500 WIX.
Check out my first (of many) Wix Pix
/1
After the overnight pop above $16,000, I’m scaling out of my upside daily TIX contracts so I can hold onto my $16,500 WIX.
Check out my first (of many) Wix Pix
/1
All I need is one quick touch of 16,500… One sweet but nasty little wick.
It's hard to find a sweat like this with pre-defined risk.
/2
It's hard to find a sweat like this with pre-defined risk.
/2
I bought a bunch of the BTC 16,500 WIX contracts yesterday (if BTC touches $16,500 one time before 03:00 UTC, it pays me close to 6-to-1 odds on my position.
/3
/3
The WIX contract is now trading close to 32 cents (32% probability) with BTC trading 16150 and 11 hours to expiration.
I bought these around 17 cents (17%). They pay out a buck on the win.
/4
I bought these around 17 cents (17%). They pay out a buck on the win.
/4
My TIX contracts (CLOSE ABOVE 16,000) are now trading 73 cents. I bought these under 35 cents.
I’m holding onto my $16,500 WIX.
If BTC pops even a hundred bucks, these WIX could go to 65-75 cents on the hop, or straight to an immediate 100% payout on a big dirty wick.
/5
I’m holding onto my $16,500 WIX.
If BTC pops even a hundred bucks, these WIX could go to 65-75 cents on the hop, or straight to an immediate 100% payout on a big dirty wick.
/5
It’s gonna be a fun sweat today!
For now, I’m steadily selling out of my CLOSE ABOVE $16,000 TIX first.
Locking in profits on those to reduce overall bullish exposure.
I no longer fear the wicks.
I embrace them
#TixWix
/6
For now, I’m steadily selling out of my CLOSE ABOVE $16,000 TIX first.
Locking in profits on those to reduce overall bullish exposure.
I no longer fear the wicks.
I embrace them
#TixWix
/6
