bitcoin:native Options Desk Update:
Transitioned fully into a Bitcoin PMCC (Poor Man’s Covered Call) structure.
- Long BTC perp exposure
- Avg entries: ~$72.7k and ~$66.8k
- Short weekly calls printing premium
- Current theta: ~$24/day
DCA into BTC during bear market while getting paid to wait. As BTC dumps, short calls print and cost basis keeps dropping
Road to $10k
bitcoin:native options desk update:
Bear markets are where positions are built.
Collecting ~$32/day in premium, scaling into BTC, and improving my average entry with every dip.
The short calls are doing exactly what they’re supposed to do: paying me while I wait.
Bear markets are where positions are built.Patience is a position.