Trade Idea: IBIT Iron Condor 1-14-2025 (17% ROI in 13 Days)

Bitcoin is trading in a narrow range

The IShares Bitcoin Trust ETF IBIT 3.34%↑ tracks the Bitcoin price.

Bitcoin is trading in a narrow range, but the option premium is relatively high.

IBIT’s IVR is 57, which favors selling options. This iron condor benefits from high IVR which will either contract or make it easier to roll out to a later expiration for a credit.

The last IBIT trade returned 29% of the cost in 12 days.

There’s plenty of room to adjust before expiration and this is a defined risk trade.

Keep reading to learn the best strikes and expiration date to maximize returns. Also, how to execute and my exit strategy.

Lastly, learn how I plan to turn this into an infinite return trade.

This is not financial advice. Please do your own research and do what’s best for you.

IBIT Daily Chart

“IBIT is rising today but momentum is still negative. IBIT and Bitcoin are heading into a cycle low. IBIT will likely rise, then fall, staying in a narrow range over the next few weeks, which is good for time decay.” 1-2-2025

IBIT did exactly what I said it would the last trade. Bitcoin will likely continue in this range. This trade benefits from time decay and builds on the last trade using the same collateral. For those making this trade for the first time, the range is wider, offering enough space to roll out for a credit if necessary.

Please consider a premium membership, it will allow me to devote more time and resources to finding opportunities and teaching highly profitable strategies.