The second tranche of our May 22nd Bitcoin trade is triggered on Bitcoin reaching $72K. That looks imminent as it will only take a rally of about $1,000 from the current price to trigger this trade. Bitcoin is already up about $4K in the first four days of June, so, "Heads-up." The best bet will be to double up on the BITO Sep 19th $30C which will officially be taken in a forthcoming Premium update, maybe as soon as this afternoon and/or by the end of this week. Based in part on Bitcoin's relatively quick move up between mid-Feb and mid-Mar of this year, we have a more aggressive alternative for PRO traders with the BITO Jul 19th $28C: Triggered on a Bitcoin breakout above $72,000 ---------- Bitcoin Charts Close-Up BITO Potential is for mid $30's for impending Bitcoin move > $80K; Note below how a 3 mo OTM Call appreciated from 1.25 to 6.70 in 30 days as Bitcoin rose from $50K to $66K between mid-Feb and mid-Mar, 2024. Jun 21st $30C
