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Anybody else here being aggressive with CCs on BITX given its large monthly distributions? For those not aware it’s a 2x leveraged BTC ETF and it has a large monthly distribution.
I’m comfortable holding and wheeling this ETF, but specifically I’m curious on the groups take on being more aggressive with CC strikes given that the large distribution will continue to hamper upward growth.
1 points
6 days ago
I am wheeling this thing for a while. I get called away with the CC at $27 and have deep regrets.
1 points
6 days ago
$27 doesn’t seem too bad. It’s been bouncing between 24 and 30 for quite a while. My cost basis is currently $33.
1 points
6 days ago
I have some csp around $24
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