Bitcoin +10.65% vs Boeing +4.10%
My blog entry was a comment on the crazy wonderful possibilities in the BA options on a weekly expiration Friday, not on Boeing itself, Although the likelihood of anyone actually executing that trade might be just barely better than winning the lottery - just barely better - that day in a Dow stock no less, using its in the money options and getting extremely lucky, was likely better than trading bitcoin for the rest of bitcoin's history.
As you say Bitcoin went up 10.65% while Boeing went up 4.10%, but the BA in-the-money 300 weekly call by the end of the day went up 18 hundred percent - $184,000 on a $10,000 buy in. Crazy wonderful, indeed!
And of course, I'm a dummy.. At the time I posted this the trade was up just north of 1000% (the white vertical line on the chart below), a $10K buy at that point (which I did not do) would have been worth another 59%, $5900 or so on the $10K.
Like I at the said to start this thread: "Fun times and possibilities in the big Bull."
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."