Call spread strategy gains traction for Bitcoin upside

A call spread strategy is gaining attention as a method to position for further Bitcoin gains while limiting losses, with BTC priced at 80000 dollars. This strategy involves buying a call option with a lower strike price and selling one with a higher strike price, which caps both maximum losses and potential profits. Deribit CCO Jean-David Pekelny stated that call spreads appear attractive for September bullish bets, considering upcoming factors such as Fed policy and inflation data. 10x Research founder Markus Thielen recommended buying BTC while selling a 90000 dollars September call option, and also proposed a call spread that buys an 85000 dollars September call and sells a 95000 dollars September call. However, BTC has historically shown seasonal weakness in September, with an average return of -3% for the month since 2013.

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