MomentumOptions.com Alert Update (BITO) for 7/14/2025
12:55pm (EST)
Shares of BITO have made a higher high but have stalled heading into the second half of action.
Alert Update!
ProShares Bitcoin ETF (BITO, $23.05, up $0.33)
Option: BITO August 22 calls
Expiration Date: August 15th
Entry Option Price: $0.60 (6/25/2025)
Current Option Price: $1.50
Exit Target: $2.50
Return: 150%
Stop Target: 80 cents, raise to $1.10 (Stop Limit)
Action: Exit HALF the Alert at current levels. Raise the Stop Limit from 80 cents to $1.10 on the other half.
The calls opened at $1.82 after shares pushed $23.49 on the open. The $23.50 level is key resistance and held. If there is a continued fade, we will ensure a triple-digit win with the adjusted Stop Limit. If there is an ongoing breakout, we can continue to play the upside.