Some of the biggest companies in the world are expected to report their 2Q earnings in October, including electric automaker Tesla on Oct. 18, tech giants Meta and Microsoft on Oct. 24, Apple and Amazon on Oct. 26 and Google on Oct. 30. Currently, the possibility of an even more severe global economic slowdown is in the cards and lackluster profits could further add to the uncertainty.
The companies that comprise the S&P 500 account for an aggregate $32.9 trillion in value and crypto investors expect some of those bets to enter Bitcoin if earnings season fails to sustain a modest growth — signaling the stock market should continue to underperform. By trading multiple call options for the same expiry date, traders can achieve gains thre times higher than the potential loss. This options strategy allows a trader to profit from the upside while limiting losses.
Derivatives exchanges price contracts in BTC terms, and $19,222 was the price when this strategy was quoted.
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Source: Cointelegraph - 🏆 562. / 51 Read more »