reply on: Spot BTC ETF in your Roth IRA ? \ stacker news ~Personal

54 sats \ 6 replies \ @stacksatstoday 22 Jan \ on: Spot BTC ETF in your Roth IRA ? Personal_Finance

I do get exposure to BTC ETFs, Microstrategy, and miners. I trade these vehicles in my Roth IRA and 401k. Love trading options on miners and Microstrategy. While this isn't for everyone I have a background in trading options, so why wouldn't I use that knowledge and grow my retirement accounts.

This has nothing to do with my DCA of real BTC.

0 sats \ 2 replies \ @gmd 22 Jan

curious were you able to sell your MSTR bag right before the ETF dump or are you HODLing

119 sats \ 1 reply \ @stacksatstoday 22 Jan

I bought a put and sold a call...It's called a collar trade. I use the call proceeds to help pay for the put. Worked nicely especially since I didn't know what was going to happen. Will continue holding MSTR. It's at a discount now.

99 sats \ 0 replies \ @Anonymous_Hodler OP 22 Jan

Interesting never heard of that, i will dig the idea :) thank yoh

0 sats \ 2 replies \ @Anonymous_Hodler OP 22 Jan

Thanks for your feedback… I am just about to fet started with selling covered calls… if you have any tips and insights, i’d take them!

10 sats \ 1 reply \ @stacksatstoday 22 Jan

Before trading anything please learn as much as you can first. Then start with a small amount of money. You will make mistakes and that's ok and perfectly normal.

If interested I could go over some information if that would help the community?

0 sats \ 0 replies \ @Anonymous_Hodler OP 22 Jan

I would definitly be interested… i was thinking of starting with a covered call with MARA since it would cost less to get a 100 stack…