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99 sats \ 4 replies \ @grayruby 26 Dec 2024 \ on: Doing LEAPS on Bitfarms (BITF) @ $2.5 strike till 1/15/2027 Stacker_Stocks
Not hating but wouldn't it make sense to buy LEAPS in the bear market since they likely expire in the bull? Or do you think the 4 year cycle is dead?
Since I am permabull this is more a gamble then an actual strategy. I have heard different opinions about the 4 year cycle both positive and negative. My main bull case is BITF is being undervalued by the market. They are one of the better publicly traded bitcoin miners. If wall st starts to look for value in this space I think BITF would catch a massive bid due to the pricing inefficiency. Thus making a BITF LEAP a strong play.
Of course I could be wrong but buying LEAPS that follow the bull and bear cycle would be a more defensible strategy versus the permabull gamble I am taking
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Nice job
I sold my bitf option a few weeks ago at break even
How much does it cost to roll over?
Didn’t riot try to buy bitfarms a few months ago?
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Good question I’m not sure to be honest. Since the option was valued at 1 cent I avoided a total loss. Not sure how much Robinhood charged for a fee.
Yeah Riot and Bitfarms were squabbling but I think it’s all over now .
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I was hoping Riot would buy Bitf so my option would finish in the money before Jan 2025
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