Spent the whole night thinking, and I’m planning to jump in around $75,500 for a low-price buy, aiming to grab about 0.4 BTC. If I actually manage to buy successfully, I’ll use this portion of BTC to try selling CALLs and see if I can earn some premium. Basically, it’s a combo of selling PUTs and selling CALLs. At the low end, I’ll use selling PUTs to scoop up Bitcoin. If I succeed in buying the dip, I’ll then use selling CALLs to sell at a higher price. If it doesn’t drop to my target price, I’ll just earn the PUT premium. If it does drop to my target price, I’ll take delivery of BTC spot. After getting the BTC, if it doesn’t rise to my sell price, I’ll keep earning CALL premiums. If it does rise to my sell price, I’ll sell the BTC, convert back to cash, and start the next round of selling PUTs. Of course, this strategy has its risks: If BTC drops quickly, selling PUTs will make me take delivery during the drop, which might lead to unrealized losses. But if it’s at a price I’m okay with, it’s not too bad. If BTC rises quickly, selling CALLs might make me sell too early and miss out on the gains from a continuous rally. That’s what frustrates me the most. Anyway, I’ll just throw in $30,000 to mess around and see how it goes. The main funds are still waiting to buy the Bitcoin dip.