Bitcoin options strategy: How to trade July's Q2 earnings
Professional traders can hedge their Bitcoin bets using the iron condor options strategy as Q2 earnings' season comes into play. The stock market can offer valuable insights into possible Bitcoin (BTC) price movements as a big potential trigger is expected this month. Q2 earnings' numbers due this month Notably, Q2 earnings' numbers are expected from some of the largest companies in the world in July, including: UnitedHealth, Citigroup and JPMorgan on July 14; Bank of America and Morgan Stanley on July 18; Tesla, Google, Apple, Meta, Microsoft and Amazon before July 27. The S&P 500 companies account for an aggregate $36.5 trillion in market capitalization, so it makes sense to expect a positive impact on Bitcoin’s price if the earnings season sustains modest growth. In other words, investors’ appetite for risk-on assets will increase if the odds of an imminent recession are reduced. Leverage to be avoided given the level of uncertainty Traders who have been calling fo...