By Licia Leslie
January 14th, 2025
Hi Shoppers,
Bitcoin is taking off, and as long as it holds $94,000, I’ll be looking to buy calls in iShares Bitcoin Trust ETF (IBIT).
My price target is $99,000.
That would take IBIT to $57.
Shopping for options, I like the IBIT Jan 30, 2026 54 calls:
With IBIT at $57, these will double.
Use a Bitcoin close below $94,000 as your stop loss, and use a trailing stop as it rallies.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain