After the price spike last week volatility fluctuations has stabilized at around 70%. The idea is all about using a period relatively a stabilized price range and receiving income through the sale of options in a short-time period.
Flash Idea:
For income receiving, we sell two types of options within the framework of the trading channel with an expected price till September 24. By selling CALL option at the price of 49 000 we receive a premium of 15 USD for the contract of 0.01BTC. In addition, we sell PUT option at the price of 45 000 with an approximate premium of 12 USD.
Thus, we form an expected channel of price movement in the range between 45 000 - 49 000 for the upcoming ten days.
The expected profitability will be around 85% annual on the capital used, including a brokerage fee.
Risks:
If at the moment of expiration the price will exit the trading channel, losses will correspond to the difference between the current price and the nearest channel border.