Hop Into BITO Calls

Hi Shoppers,

Bitcoin (TIcker: BTCUSD) is breaking out over $31,000.

I think there is a nice trade to play in ProShares Bitcoin (Ticker: BITO):

I think it is ready to rally up $17.70 and on to $18.40 and may be even $20.80.

Looking at the calls:

I like the Jul28 17 calls.

 

Trade Review

British Petroleum (TIcker: BP) I did not buy the calls as the energy sector stock seemed to be taking a pause. BP may need to trade $36 before it is ready to continue to rally. Watch the August Crude futures contract.

Oracle (Ticker: ORCL) still moving higher. I think $120 is the next stop.

 

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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