My proxy for BTC has been MicroStrategy Inc. I wanted to give my wife exposure to crypto in her retirement account. And ALLY INVEST doesn't let you buy bitcoin.
But I found a better way. The miners of bitcoin. You can scale in much easier because the price allows for easy LEAP OPTION trades. See my day trade below:
Normally you would have to buy t-bills through broker / dealers or thru treasury direct. So most people settle for bond funds. But bond funds never reach maturity and hold more than one bond.
T-bills are considered nearly free of default risk because they are fully backed by the U.S. government. And it currently yields 3.38%.
100 shares would cost $8016, but 1 option contract (which controls 100 shares) cost $1940
When the stock moves 1/2%, the option moves almost 4%
A Poor Man's Covered Call (PMCC), or Synthetic Covered Call, is used to generate regular income as per the standard Covered Call, but instead of purchasing 100 shares of stock, a Deep ITM Call (which is often a long-dated LEAP) is bought.
1. Purchase a deep in the money long-dated Call
2. Write/sell a nearer-dated near-the-money Call
Step by Step Tutorial
Looks like my short call is going to be profitable and I can do another OTM short sale in June. But the trend is a falling fast stock price. So I am going to buy more shares if this happens: