MomentumOptions.com Profit Alert (BITO) for 7/23/2024

4:00pm (EST)

We have another Profit Alert as shares of BITO dipped back below $23 today.

Profit Alert!

ProShares Bitcoin Strategy ETF (BITO, $22.90, down $0.98)

BITO August 25 calls (BITO240816C00025000, $0.60, down $0.31)

Entry Price: $0.65 (6/25/2024)
Exit Target: $1.30
Return: 5%
Stop Target: 68 cents (Stop Limit)

Action: The Stop Limit at 68 cents has tripped so we are back on the sidelines with BITO.

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