After Bitcoin’s Latest Drawdown These IBIT Option Trades Pay You to Wait for the Recovery

As of June 9, 2026, aft the marketplace close, Bitcoin is down 29.3% year-to-date and trading astatine astir $61,798 per coin. That besides represents a diminution of astir 50% from its all-time precocious of $122,260 reached connected October 4, 2025. Then again, if you're a semipermanent Bitcoin investor, this benignant of volatility comes with the territory.

One metallic lining is that investors contiguous person tools that simply did not beryllium during anterior crypto carnivore markets. Since the motorboat of spot Bitcoin ETFs successful January 2024, options investors person been capable to make antithetic payoff profiles, make income, and adjacent trim downside hazard without straight touching cryptocurrency exchanges.

Some of those strategies tin go rather complex. Today, we're keeping things simple. Rather than diving into multi-leg enactment combinations, we're going to look astatine 1 of the astir straightforward income strategies available: the cash-secured enactment utilizing the iShares Bitcoin Trust ETF (IBIT).

What Is a Cash-Secured Put?

A cash-secured enactment is 1 of the astir basal enactment strategies available. When you merchantability a enactment option, you are giving different capitalist the right, but not the obligation, to merchantability 100 shares of a banal oregon ETF to you astatine a predetermined onslaught terms earlier expiration.

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Because you could perchance beryllium required to acquisition those shares, your broker requires capable currency successful your relationship to screen the obligation. Hence the word cash-secured. Think of it arsenic getting paid to spot a bounds order. For example, accidental a banal trades astatine $100 but you lone privation to ain it astatine $90. Instead of entering a bounds order, you could merchantability a $90 enactment and cod a premium upfront.

There are mostly 2 imaginable outcomes. If the banal remains supra the onslaught terms astatine expiration, the enactment expires worthless. You support the premium and locomotion away. If the banal falls beneath the onslaught price, you whitethorn beryllium assigned shares astatine that onslaught price. You inactive support the premium, but present ain the banal astatine a unrealized loss.