Jack Shared a Smarter Way to Play Bitcoin

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Wednesday, July 23rd

“Let us toast to animal pleasures, to escapism, to rain on the roof and instant coffee, to unemployment insurance and library cards, to absinthe and good-hearted landlords, to music and warm bodies and contraceptives… and to the “good life”, whatever it is and wherever it happens to be.”

–  Hunter S. Thompson

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Markets Today

🌏 Asia-Pacific: Up

🇪🇺 Europe: Up

🇺🇸 United States: Up

🛢️ Oil: Down

Crypto: Down

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Major Market Events 

  • U.S.–Japan trade deal lifts stocks — Market optimism grows as tariff agreement fuels rally in autos and tech
  • EU preps $100B counter to Trump tariffs — Brussels signals tough stance as transatlantic trade tensions escalate
  • Tesla Q2 earnings on deck — Investors await key updates after recent volatility and AI-focused headlines

🤔 My Thoughts

Check This Dead-Simple Way To Play Bitcoin

I’ve traded Bitcoin directly. I’ve traded crypto ETFs. I’ve even traded meme coins when I had too much Red Bull.

But during this week’s Profit Panel, Jack shared a strategy that completely reframed how I think about crypto exposure.

Jack Carter’s IBIT strategy — selling puts for income, then potentially getting assigned on a dip — is one of the cleanest crypto income plays I’ve seen in a while.

It’s not about trying to “catch a moonshot.” It’s about getting paid while you wait for a price you already like.

He’s using naked puts on IBIT, a ticker that tracks Bitcoin, to cash-flow the move without actually buying Bitcoin.

That means instead of just sitting around hoping the price goes up, he’s getting paid up front — and if he does end up owning the stock, it’s at a discount because of all the premiums he’s collected.

Here’s how it works:

  • Jack sold the August 29th, $65 put on IBIT, collecting $231 per contract.
  • At the time, IBIT was trading at $67.47 — so this strike was just out of the money.
  • If IBIT stays above $65, he keeps the $231 and does it again next month.
  • If it dips below $65? He gets assigned the shares at a net price of $62.69 (the strike price of the puts minus the premium he collected).
  • Either way, it’s a win.

And here’s the kicker:

On margin, the broker only requires 20% of the underlying value to secure the trade.

That’s crazy efficient capital use for a position Jack wants to own anyway.

It’s a genius play… I mean, when’s the last time someone told you they were “cash-flowing Bitcoin”?

It’s one of the most rational crypto strategies I’ve seen in a while… and it came from a guy who doesn’t even own a hardware wallet.

And that’s just one piece of what we unpacked recently.

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To Better Trading,

Alex Reid

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