On October 30th, we alerted members to pick up a couple of puts on BLDR and IBIT… the idea was to lean into these laggards at optimal entries, positioning our portfolio for further downside.
As selling pressure mounted, these bearish patterns completed, and the recent follow-through has turned them into multi-baggers.
BLDR 11/21 $105 puts are now up 221%.
IBIT 11/21 $57 puts are up 404%.
This is exactly why we took the shots. The tape was deteriorating—builders were rolling over, and Bitcoin was coiled with pent-up momentum, ready to explode.
We nailed these tops, and volatility continues to expand in our direction: down.
With no sign of a bottom in sight, we're looking to make even more on these before expiration.
And that's just the responsible way to be positioned right now— with leveraged exposure to the downside.
As long as bears remain in control of the tape, we'll be looking for more short opportunities like these.
Check out the post our members received, alerting them of these trades, and join Breakout Multiplier risk-free today to catch the next one.
