2:30pm (EST)
Shares of BITO are showing continued weakness after smacking into key resistance at $23.50 on Monday. We had a feeling this might be the case but the Stop Limit ensured another triple-digit winner, the 13th for 2025. Remember, plan the trade, trade the plan.
Alert Update!
ProShares Bitcoin ETF (BITO, $22.56, down $0.49)
Option: BITO August 22 calls
Expiration Date: August 15th
Entry Option Price: $0.60 (6/25/2025)
Current Option Price: $1.10 (closed half at $1.50 on 7/14)
Exit Target: $2.50
Return: 125%
Stop Target: $1.20 (Stop Limit)
Action: The Stop Limit at $1.20 on the other half has tripped after opening at $1.45.