Bitcoin ETF – APPROVED
Bitcoin’s future trading direction post the approval of a spot Bitcoin ETF became evident when the SEC, on Tuesday, announced it on their X account. Bitcoin’s value surged to $47,900, but the excitement was short-lived as it was revealed that the account was compromised, and the tweet was fake. This led to confusion, and Bitcoin’s value dropped to $45,145 in volatile trading.
The truth is, Bitcoin has been steadily rising for months in anticipation of a spot ETF approval. This could boost the cryptocurrency’s value, which has already more than doubled since last January.
The idea is that a straightforward and well-structured ETF could make crypto more mainstream, attracting institutional and retail investors. This move could simplify buying and reporting due to increased liquidity and transparency. Investors would also gain another opportunity for diversification, and the ETF would track Bitcoin’s performance as an underlying asset.
While Bitcoin exposure has been available on exchanges for years, the recent SEC approval marks a significant milestone, treating digital assets as investible assets. This green light is likely to encourage late adopters to allocate a portion of their portfolio to Bitcoin, as it becomes easier to own the cryptocurrency directly through ETFs like $IBIT. From a CFU standpoint, we look forward to trading options on this security in the near future
The Great Resignation is Over
The Great Resignation, a trend where millions of American workers quit their jobs for better opportunities amid the COVID-19 pandemic, seems to have concluded, as per the recent Labor Department jobs report.
In 2021 and 2022, almost 100 million workers left their jobs, with an average of 4.5 million resignations between November 2021 and April 2022. However, in 2023, the number declined, with only 3.47 million workers quitting by November – the second-lowest since February 2021.
As of now, the job resignations have returned to pre-pandemic levels
Take a look:
OPTION TRADING STRATEGY FOR THE WEEK:
This week we look at a more advanced trading strategy that some of our members and traders employ to generate profits. It is a bit of a mind bend, so get ready.
The Call Butterfly
The Call Butterfly Spread is gaining traction for its nuanced approach to capitalizing on market dynamics. In this brief review, we’ll unravel the fundamentals of Call Butterfly Spreads, exploring how they operate and why they’re becoming a preferred tool for traders.
Understanding Call Butterfly Spreads:
A Call Butterfly Spread involves three strike prices and is constructed by buying one lower strike call option, selling two middle strike call options, and buying one higher strike call option. This creates a net debit position, resembling the shape of a butterfly on options charts.
Key Components:
Long Lower Strike Call Option: This provides the trader with the right to buy the underlying asset at a specific, lower strike price.
Short Middle Strike Call Options: Two call options are sold at an intermediate strike price, generating income to offset the cost of the lower and higher strike options.
Long Higher Strike Call Option: This option gives the right to buy the underlying asset at a higher strike price.
Benefits of Call Butterfly Spreads:
Limited Risk: Like other spreads, Call Butterfly Spreads cap potential losses at the initial debit paid to establish the spread.
Profit Potential: This strategy profits from minimal price movement in the underlying asset, with gains maximized at the middle strike price.
Defined Timeline: Traders benefit from a clear expiration date, allowing them to align strategies with anticipated market movements within a set timeframe.
But knowing how and when to construct this trade can be difficult. Let CFU traders do the heavy lifting for you.
SAMPLE ORDER & PROFIT PROFILE
Here is a sample trade alert you would receive in CFU for a Call Butterfly on TSLA:
Here is what the profit profile on this trade looks:
CFU traders play all sides of the market: bullish, bearish, and neutral. We make money in all situations and our trading systems assist us in knowing which direction holds the most likely outcome for profit and then we trade it using the most efficient strategy. 1-2 punch and it delivers results.
CFU RESULTS FROM LAST WEEK:
These are profits we locked up from the week ending January 12:
- AAPL 86%
- AMZN 52%
- AMZN 90%
- BA 64%
- BITI 10%
- BITI 75%
- CELH 55%
- CELH 70%
- COIN 45% (in 2 hrs)
- COIN 46% (in 20 mins)
- COIN 97%
- DIS 56% (in 1 day)
- FTNT 32%
- H 31%
- IWM 71%
- PYPL 56%
- SMCI 49%
- SMCI 92% (in 1 day)
- SMCI 96%
- TSLA 43% (in 1 day)
- TSLA 77%
- TSLA 84%
- TSLA 86%
MEMBER RESULTS:
CFU members book profits on a consistent basis. I show you proof of this each and every week.
Here’s this week’s showcase:
CLOSED AND REALIZED PROFITS 💰
Our community is fiercely focused on booking monthly profits.
Here, I’ll throw you a deal, 25% off your first month, so you can ease in, see the quality of our trading services and the results we will produce for you within 4-6 weeks. You can cancel at any time. But you won’t because the edge you gain by trading with us is second to none.
PROMO: CFUINSIDER25
Look forward to seeing you inside,
Stephen
President, CFU
