ProShares Short Bitcoin ETF (:BITI)
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- champ: $BITI...I'm holding this position........and as we all know, if $MSTR, if they do a common share offering...??...that new News would be posted....#after the Markets are closed....so any Day-trades in $MSTR should be a #safe-trade....because they want their stock to climb, to move-up, before they buy anymore Bitcoins........ ....and when they do Buy....$IBIT will make another real nice move...... and $IBIT is Now on a #Pre-news-move, as we all can clearly see...... .....thats the current Pre-Set-up, on $IBIT...and is Now at $34. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- joelsg1: @scottrades Relax, still have options on $BITX and $BITI with leverage.
- scottrades: @joelsg1 $BITX $BITI Tell me why it makes sense to have that and none on Spot...lol
- joelsg1: @scottrades $BITX $BITI Grandfathered in before the current etf controversy, but these are leveraged so not for the faint of wallet. I trade them with options, relatively cheap leverage upon leverage not risking more than a few hundred or thousand bucks at a time, and when catching the trend these work great. And the fact that the options are depreciating with time decay means you need to be quick and not overstay. As you know, Btc trades all the time and these are limited to the 6.5 hour market day; therefore, I trade them with round number percentage gains/losses, selling at round number percentage levels, 10%, 30%, 50% etc. And then try to ride any new trend.
- joelsg1: @DAN $MSTR Agree that pair trade is nuts. All depends on the price of Btc. I am not a true believer by any means, but I do like the trade and appreciate that Saylor is able to monetize using $MSTR stock which he's been selling through the 'halfing' while increasing his Btc. I'm using $BITX which is much cheaper per share on the way up and $BITI on the way down, both have cheap options for leverage and relatively small risk.
- champ: #News always matters and tomorrow there will be know major Economic reports...... ....however on Thursday, the Markets will get the Retail numbers for the month of January.......... ....and then on Friday, the PPI numbers will be reported for the month of January and they might come in so/so...and maybe the Markets will not get hit like it did today, however the damage was already done by the CPI report this morning. ~~~Now we can start looking to see if we can find some #Bounce-Candidates. ...and $OLLI was only down $0.30 today, on above average volume..... ...and $BITI had a nice bounce off of LOD....... ...and $UVXY was up about 11% today....... ...and $SQQQ was up 4.8%...... ...and $TQQQ was up $1.44 off of LOD..... and in the morning we will all find out which way the wind in the Markets are blowing...and maybe know wind would even work.
- joelsg1: $BITI Back in Feb. $13 calls for $0.65 each.
- joelsg1: $BITI Trading Feb. $13 calls for 20% gain, just added at HOD.
- joelsg1: @scottrades Hey Scott. Posted I've been shorting using $BITX puts and $BITI calls. Any better vehicle? Not a one-way market.
- scottrades: @joelsg1 $BITX $BITI I think those are good for now for what you're trying to do. There are new ones coming to market Direxion just applied for a 1.5X Bull, a 2X Bull and a 1X Bear. I'll let you know when I see them start to trade.
- joelsg1: @scottrades $BITX $BITI Thanks Scott.
- joelsg1: $BITI Working, added.
- joelsg1: $BITX $BITI Posted short Btc trade working, up 20% and counting.
- jeff_free69: @joelsg1 $BITI is ProShares SHORT Bitcoin Strategy ETF 1X
- joelsg1: @jeff_free69 $BITI Thank you. Bought a few Feb. $13 calls.
- joelsg1: @sgiseller Yes, shorting with $BITX puts and now a few $BITI calls.
- maracom: Good morning all. Getting killed on $XLE positions this morning, but $GDX and short positions compensating somewhat. Will probably book profits on my short positions today and wait and see what happens tomorrow. #LTA $FCX back to the 200, have a starter, looking to add. $DVN stopped out of a partial, yucky gap fill with more downside possible. $FTI long but ouch. $SCHW hard pullback today, long. $MOS hard pullback, near the lows. $NEM bouncing. #Trading $SH booking small gain. $TSLA short booking a small gain. $BITI still long. $WPM long, added more today. $PAAS long. $UNG still in consolidation, sold some calls the other day, buying them back for a penny.
- maracom: Hi all, at my #FTJ today, but I got the notification of my short $NVDA stop being hit at just about the same time as @Dan added it to the #ATL, really nice breakout from a squeeze. Was definitely wrong on that trade, c'est la vie. #LTA: Long $NEM $FCX $DVN $FTI $SCHW $MOS, stopped out of $WEAT #Trading: Long $WPM $PAAS I'm still short $TSLA, long $BITI $SH with a BeCS on $MSFT but with the fed announcement providing a potential bullish catalyst I may shut these down, they're all roughly flat.
- maracom: Good morning all! Minimal changes for me today, not much going on. #LTA Long $DVN $FTI $NEM $SCHW $MOS. $DVN $MOS close to stops. $NEM reversing a good initial earnings response, watching. $FCX Small starter to begin rebuilding this position near support. #Trading. Short $SH $TSLA $NVDA $BITI. Long $UNG. Starters in $GTLS $PAAS $WPM. $GTLS Not thrilled by the gap and crap, will look to book a small profit near VWAP. $MSFT Eyeing a 310/315 bear call spread for a pullback test to the breakout level.
- maracom: Good morning all! Happy that $FTI posted growing revenue and that $GDX is getting a bounce today despite a stronger dollar. Not seeing much to do today... #LTA $DVN getting close to my stop watching wearily. Was stopped out of half my $WEAT yesterday. Might have to give up on the rest today if the close is bad. $MOS also doing poorly. Long $FTI $SCHW $NEM. Watching $FCX for a lower entry. #Trading. Short $SH $TSLA $NVDA $BITI. Starters in $GTLS $PAAS $WPM. Long $UNG still in consolidation.
- maracom: Good morning all! #LTA Long $NEM $FTI $DVN $SCHW $MOS $WEAT. Glad I sold off $FCX, looks like I'll get a chance to reload at a lower basis at the 200sma. #Trading: Short $SH $TSLA $NVDA $BITI. I think I have the right idea overall for the next zag, but #bitcoin stings today although we're not testing 31k yet. Long $UNG, have a $GTLS starter. Taking starters in $WPM and $PAAS
- maracom: Good morning all! Minimal changes to my portfolio. I have 30% cash in my #LTA and 50% in my #Trading. Open to new opportunities but wary of headline risk. #LTA: $FCX have been legging out gradually, sold some covered calls on the pre-earnings move. Negative post earning reaction, so I'm down to just a starter position. Still bullish #copper for the long term, but looking for short term lower levels to establish a lower basis. $NEM consolidating. $SCHW consolidating. $MOS $WEAT $UNG waiting for a catalyst. $FTI up. Sold some $52 DVN puts (I #wheeled out of $DVN at that level, and energy is showing some strength) #Trading: $NVDA short. $SPY short via $SH. #Bitcoin short via $BITI.
- maracom: Hi all! At my #fulltimejob today so wasn't able to post but was able to make some trades. #Trading: My short positions are doing well. $NVDA rejected again at $280, BeCS will expire worthless, also short stock. Added more to $BITI. Opened $SH short $SPY which closed below the 8ema. Added to $UNG. $LTA: Bought back several covered calls for pennies $FCX $SCHW $BFLY. Long $NEM $MOS $WEAT $FTI
- maracom: Good morning everyone! $SPY $QQQ struggling after $NFLX. #gold pulling back hard today despite modest $UUP move. I've been buying $NEM which was much closer to support than the high flyers like $GFI $WPM. I've got one more buy left for $NEM but if $GFI and $WPM start pulling back hard I'll be a seller of naked puts. #LTA: $FCX covered call. $SCHW added yesterday. $MOS $FTI no changes. $WEAT pullback to 8EMA possible add. #Trading: Short $NVDA and 280/282.5 BeCS. $BITI possible add today. $SHOP stop at 8EMA. $UNG pullback to 8EMA/20EMA possible add. $BFLY covered call.
- maracom: Good morning all! News flow has been pretty positive and VIX is still heading down, so I'm trying a few short term bullish trades with low conviction. I'm also keeping some longer term bearish positions open as well. I've been buying the #gold pullback as well. #LTA: Bought $NEM twice (half a position), sold $NEM naked puts (half a position). Shaken out of $GOLD. $FCX, at half a position, sold covered calls on the last pop. $SCHW full position. $FTI half position no changes. $MOS half position. $WEAT half position. In 30% cash. # Trading: Following on the $SHOP trade. Closed $LULU short, she's looking pretty strong. Opened a $NVDA short at $280. Still short the 280/282.5 Apr BeCS, looking for this to expire worthless. $BITI half position. $HON BeCS closed for a loss. $UNG half position.
- maracom: Good morning all! Not seeing much that is actionable at the moment. I'm out of precious metals at the moment but eager for a pullback buy opportunity. I added to $BITI this morning now that bitcoin is tapping the underside of the 2021 summer pivot lows. I'm sitting in half cash, waiting for the next shoe to drop. #LTA $FCX been paring this down, currently at a 1/4 position. $SCHW full position, 1/4 covered calls, will sell more covered calls at $54 level. $FTI no changes. #Trading $UNG trading this one off the hourly chart, closed really well yesterday but now breaking yesterdays low, sold 1/4 position. $NVDA 280/285 BeCS staying below $280. $LULU short 1/2 position, flat. $BITI added, 1/2 position. #Tiny positions - $WEAT small starter just watching. $MOS small starter just watching. $BFLY $2.5 covered call
- scottrades: @JustJeffPlz There's the Bitcoin Futures (Bullish): $BITO Bitcoin Futures (Bearish): $BITI Valkyrie Bitcoin Statedgy: $BTF Grayscale Bitcoin Trust: $GBTC Purpose Bitcoin ETF (USD) on the Toronto Stock Exchange: BTCC.U.TO Fidelity Bitcoin Advantage on the Toronto Stock Exchange: FBTC.TO Osprey Bitcoin Trust (trades on the OTC) $OBTC
- maracom: Good morning all! No significant recent trades for me. I'm watching the $SMH action from the sidelines at the moment. #Trading: I'm out of $WPM $SLV which are still moving up with the weakening of the dollar, looking for a pullback. Long and positive: $WEAT $FTI Long and underwater: Long half a $BITI position, we'll see if Bitcoin continues attack 30k at which point I'll probably add more $BITI. $UNG just can't seem to find it's legs, might have to give up on it soon. $NVDA BeCS sold half, still have a few, watching. #LTA: $XOM $GDX $FCX $SCHW covered calls all of em.
- maracom: Haven't made any trades yet today. $SLV $WPM $NEM got called away from me on Friday, I still have $GDX and $GLD. I kinda want my shares back but if I didn't have a position I wouldn't be buying now since we're heading into resistance, so I'm gonna collect more data and see what happens next. I have some $BITI and a bear call spread on $NVDA on, so watching the Qs and tech closely
- champ: @sgiseller #BTC....however $BITI...the short ETF had a nice move.
- champ: $BITI...HOD.....#Crypto short ETF...
- sgiseller: @champ $BITI #BTC haha, I just can't short what I'm already toooo long
- jeff_free69: @swingbound $BITO $GBTC $BITI #Bitcoin same here. While the world is waiting for #BTC to ultimately go up, theres a great trading range here. Don't forget $BITI for short -zags
- swingbound: @jeff_free69 $BITO $GBTC $BITI #Bitcoin #BTC ..... thanks for the input . Will
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jeff_free69: ...
$BTF seems to carry less drama than $GBTC and $MSTR, so I've been focusing on that. And also on $BITI (short) when #BTC pumps to the top of its channel. - jeff_free69: @Robert1965 $BTF is one ( based on futures, there is no actual spot ETF) short: $BITI ($GBTC is technically not an ETF, its a trust, but for practical purposes is more or less equivalent in the short term at least)
- jeff_free69: @scottrades #Bitcoin #BTC Thanks! My native crypto is long term and probably hands-off for a couple of years. In the meantime, I have been dabbling in the rips and dips of the stock proxies. eg tried some $BITI (short) on the rejection at 25k, and that worked out (out now that we're back at 21k support). Seems like we're always playing "Chutes and Ladders", just trying to keep an eye out for where the next Chute down is.
- jeff_free69: #crypto $BITI Bitcoin SHORT ETF. For crypto traders (and haters :) we now have a SHORT ETF. There's already a future's ETF ( $BTF), although there's still no actual spot ETF. And not many seem optimistic that Gensler will approve one anytime soon, though a decision on $GBTC's conversion is due in a few weeks. So now you can play the zigs and the zags, if you dare: https://www.coindesk.com/business/2022/06/20/first-short-bitcoin-etf-to-list-on-nyse/
- scottrades: My notes: $SPY Low Volume but closed near the highs $QQQ Low Volume bounce. $UUP Holding the 8EMA $TNX Holding the 8EMA $XLE under the 50 Day $XLP Needs a higher high $DBC Holding the 50 $TAN Still in a longer term downtrend $KWEB Working but it’s China. $ARKK Double Bottom Bounce, fighting upstream $BITI New Short Bitcoin ETF. $AMZN Tight with it, swimming upstream $NIO Working but it’s China. $NVDA Running into supply $AAPL Up but choppy $TWTR Small reversal base, MAs above $MSFT Above the 8EMA but not a clean pattern $ARCH Off the 50 Day but low volume $HCC Wild ride $CEIX Working $TWI Above the MAs $BMY Back above the 50 Day $JKS China Solar $DQ Monster Move $RUN Down $SEDG Unable to get above the 200 Day
- 1993dean: @scottrades $SPY $QQQ $UUP $TNX $XLE $XLP $DBC $TAN $KWEB $ARKK $BITI $AMZN $NIO $NVDA $AAPL $TWTR $MSFT $ARCH $HCC $CEIX $TWI $BMY $JKS $DQ $RUN $SEDG $RBA take a look thank you
- wanda1616: @scottrades $SPY $QQQ $UUP $TNX $XLE $XLP $DBC $TAN $KWEB $ARKK $BITI $AMZN $NIO $NVDA $AAPL $TWTR $MSFT $ARCH $HCC $CEIX $TWI $BMY $JKS $DQ $RUN $SEDG also check out $FUTU
- Aragorn: Stocks making 52 week highs - $VMC $BAX $BXLT $BIN $COR $NOC $BITI $CL $LMT $CLX $FXY YCL Can be substituted for FXY . Weakening dollar watch for all these currencies that may get stronger another area to look at also VXX if we are going down this may start to move up ( think UVXY ) GLD up UUP down and USO should move up with a weakening dollar. No more trading this week have a good one
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Paddleboard: ...
$AAPL $ABUS $ACAD $ADRO $ADXS $AEGR $AEM $AIG $ALE $AMBA $APC $APOL $ASH $AU $BDSI $BG $BHI $BHL $BIN $BITI $BMY $BRCD $BYD $CASY $CAT $CBRL $CL $CLF $CLNE $CMI $CNP $CNQ $COG $COP $CORE $CRM $CRUS $CSCO $DANG $DDD $DJ-30 $DLTR $DO $DPLO $EBIX $EBS ... - pdcltnc: $GDDY, $BITI
- stairm01: $BITI This IPO is in day 7. I'm up 24% from yesterday morning and not sure how to handle other than take some off the table or place a stop on some. Does anyone else have this nice problem and have it figured out?
- dkoran: @stairm01 $BITI- Hit the sell button !
- Bridget: price alert on $BITI, new ipo now at an all time high
| Stock Price | $23.13 |
| Change | -4.06% |
| Volume | 4,804,960 |
Biotie Therapies Corp is a drug development company. It is engaged in the development of drugs for neurodegenerative and psychiatric disorders and inflammatory and fibrotic liver disease.
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