A Market-Neutral Bitcoin Bet
This pair of trades can make money whether Bitcoin trades higher or lower over the next few months.
Betting On A Convergence
Bitcoin is up about 65% year-to-date, but there’s an interesting divergence between two Bitcoin-related stocks, both of which have appeared among Portfolio Armor’s top ten names in the past: one up more than 150% year-to-date, and the other is down more than 15% year-to-date.
I am using options to bet on the stock that’s down year-to-date to rise and the one that’s up more than 150% year-to-date to drop over the next few months.
Details below.
