A Market-Neutral Bitcoin Bet

This pair of trades can make money whether Bitcoin trades higher or lower over the next few months.

Mar 14, 2024

∙ Paid

An abstract representation of a market neutral trade strategy involving Bitcoin. The image shows two stocks represented by symbols or icons on a scale, with one clearly outperforming, depicted by a higher position or a brighter aura, while the other underperforms, shown in a lower position or a dimmer aura. The background features subtle elements related to finance and cryptocurrency, such as charts, graphs, and Bitcoin symbols, to emphasize the context of the trade. The overall tone is futuristic and digital, capturing the essence of cryptocurrency trading.

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.

Our Bullish Bitcoin-Related Bet

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