I opened $BITO 20250124 21.5 P

I opened $BITO 20250124 21.5 PUT$ ,

I sold a put option on BITO stock at a $21.50 strike price, positioning below the short-term support level of $22. Crypto stocks faced a decline after President Trump's failure to address bitcoin in his inaugural speech, dampening market sentiment. This trade aims to capitalize on the support level holding, potentially collecting premium income if BITO remains above the $21.50 strike price at expiry.

BITO PUT

01-22 00:00

US20250124 21.5

Side	Price	Realized P&L
Sell Open	0.03	+66.67% Holding

ProShares Bitcoin ETF

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This trade aims to capitalize on the support level holding, potentially collecting premium income if BITO remains above the $21.50&nbsp;strike price at expiry.</p><img src=\"https://community-static.tradeup.com/news/9762b259a928c3f83bc5514ead0d245d\" tg-width=\"902\" tg-height=\"1668\"></body></html>","text":"I opened $BITO 20250124 21.5 PUT$ , I sold a put option on BITO stock at a $21.50 strike price, positioning below the short-term support level of $22. Crypto stocks faced a decline after President Trump's failure to address bitcoin in his inaugural speech, dampening market sentiment. 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