Unedited by Larry Chiang
If you
– buy 1 btc @ $57K
– sell 1 Mar2022 $80K call option @ $13K
– buy 1 Mar2022 $60K put option @ $13K
.. then your guaranteed return (apart from exchange risk) will be between 5%-40%. 5% when btc <$60K and 40% when btc >$80K Mar2022. No wonder Buffett & Munger hate #bitcoin
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https://www.YouTube.com/watch?v=ejeIz4EhoJ0