BAKKT High RR Long Option Play
Updated
BKKT isnt going anywhere, owned by ICE who owns the NYSE, partnerships with Mastercard, Starbucks, Google, etc... Listed at $8 bought the dip heavily around $4, 1 and 2 year $10 Calls already up 70-90% on them. Based on option chart and delta will either 20-40X or go to zero, thankfully I have two years and can layer out (gradually take profit).
Ultimately depends on BTC and Legacy markets, FED, etc but high RR makes this trade worth a shot. As always, not financial advice!
Ultimately depends on BTC and Legacy markets, FED, etc but high RR makes this trade worth a shot. As always, not financial advice!
Trade active
Calls and spot are up ~130%, Long and strong baby
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