Crypto Alert - (BLOK) December 17, 2021 - EXPIRATION

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

Trade Alert - (BLOK) – EXPIRATION - LOSS

EXPIRATION of the Amplify Transformational Data Sharing ETF (BLOK) December 2021 $47-$50 in-the-money vertical Bull Call spread at $0

Closing Trade

12-17-2021

expiration date: December 17, 2021

Number of Contracts = 38 contracts

From the beginnings of a Santa Claus Rally to Fed Chair Jerome Powell doing a sudden 180-degree pivot, Powell single-handedly crashed the crypto bull-run in the short-term.

Bitcoin is now consolidating after momentum has been subdued by monetary policy.

It quite might be the most irresponsible policy behavior I have ever seen.

My favorite crypto ETF is Amplify Transformational Data Sharing ETF (BLOK) which has morphed into one of the best crypto ETFs on the market since its inception.

(BLOK) is an actively managed ETF that seeks to provide total return by investing at least 80% of its net assets in equity securities of companies actively involved in the development and utilization of blockchain technologies. It trades right at net asset value, meaning you don’t have to pay any premium whatsoever.

(BLOK)’s biggest two positions are Bitcoin proxy MicroStrategy (MSTR) and a Canadian crypto mining company called Hut 8 Mining Corp (HUT), which has already tripled since June.

I have already shot out a MicroStrategy (MSTR) trade alert to new readers and am incredibly bullish on the company.

However, this ETF encompasses more than (MSTR) offering broader exposure to firms related to Bitcoin, crypto miners, and software companies that are heavily into crypto.

Hut 8 engages in industrial-scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta, and 56 BlockBoxes in Medicine Hat, Alberta.

BlockBoxes are one of the most powerful and cost-effective bitcoin mining units available on the market.

(BLOK) doesn’t track bitcoin 1:1, but it does mimic the price action relatively closely albeit with less extreme swings.

Controlling excess volatility is something you should be happy about.

(BLOK) also has an expense ratio of only 0.71%, which isn’t too expensive for those who want to buy and hold the ETF and not trade the derivative.

Buying (BLOK) is most likely the best way to ensure safe trading under the framework of the SEC, but I understand others have a higher risk profile which is also welcome.

To understand more about the ETF (BLOK), click here.

Here are the specific trades you need to execute this position:

Expiration 38 December 2021 (BLOK) $47 calls at………….………$0

Expiration 38 December 2021 (BLOK) $50 calls at……........…....$0

Net Proceeds:……………………..…….………..……..............…….….....$0

Loss: $2.60 X 38 X 100 = $9,880

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.