Good ol Adam is stealing my swag here. I was loading up on ASST and NAKA leaps well before he made his video.
He made a video breaking down how ASST leaps can out perform Bitcoin by 6x in 2028
This slide caught my attention:
I immediately checked the option chain
And thought yikes these LEAPS are well outside my budget.
I try to look for LEAPS under a $1 for minimum risk and maximum reward like I did with my bitfarms LEAPS & #824903
But I may just do a ladder from $10 calls all the way to $20 just one contract a month. If I do I will update this post and see what happens.
Well bitcoin pumped and these leaps are up over 300%
Thinking about getting in?
https://youtu.be/x2lo3j4qqLA
Adam breaks down the math at profitability on $12 calls and $20 calls. 2029 LEAPS come out on Sept. 14
I dont have much spare ammo lying around for the 01/2029s when they come out, and they will have even worse leverage, and MNAV is a little bit inflated right now. Maybe I grab some way out of the money, if we have a major pull back idk. What are you thinking for the 01/2029s?
You put up a good fight with all the people around here who unnecessarily hate on this sorta thing. I don't realy have it in me. Also I wonder if its in my financial best interest to get everyone to view these things similarly to myself. It's been a very surreal experience watching everyone take the position that these companies are scams. At least in spot bitcoin you have bitcoiners who agree with you, so you have some emotional support. With this stuff you just feel like a skitzo lunatic yelling into the wind, and Livingston's manerisms certainly don't help me feel less crazy. I didn't expect that it would only take 2-3 months to get some monetary feedback on this bet.
Can't they just let the gamblers have fun and not start a bitcoin treasury witch hunt every other week lol. I wonder when its Strive's turn.
I always found it strange how people say they want free markets and sovereignty criticize others in living this out.
I think shitcoins really broke a lot of people’s brains and now they view everything through that lens.
Plus they want the fiat gains as well. Why else do you hold and wait for hyperbitcoinization? to be able to buy more goods and services in the future.
Lasty most people don’t understand capital markets. They listen to the bitcoin podcasts and hobbyists economists like Lyn Alden and others in the space and develop this world view that fiat must die for bitcoin to prosper which if that happened the world would collapse.
Making money at your job or via trades is all part of a free market so let freedom ring.
@remindme in 1 month
Calls up over 150%! Not too shabby!! Still time to get into this options trade!
@remindme in 1 month
Yeah grabbed a couple asst $15 01/2028 calls this past week. I wish I could get 01/2029 but I dont see any that far out on fidelity. Expensive as hell and not that great leverage, but way I see it, probability of expiring below break even is low based on power law model. I guess i'll see lol.
Still not sure about NAKA, company seems a bit scuffed. On one hand if a bull market started they could pull back to 1xmanv, giving great gains, on the other hand, I've just seen the market bully companies like semler for extended periods of time and keep them low while others are trading multiples above nav.
These calls are up 30% not too shabby
@remindme in 2 months