Options Trading Concepts Live

2023 Crypto Correlations

| Dec 4, 2023
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    Options Trading Concepts Live

    2023 Crypto Correlations

    Dec 4, 2023
    Nick Batista and Mikey Butler discuss various topics related to options trading. They talk about the correlations between different stocks and Bitcoin, as well as the concept of beta weighting. They explain that correlations measure the tendency of two products to move in the same or opposite directions, with a positive correlation meaning they move in the same direction. They also discuss beta, which measures the magnitude of movement in one product relative to a baseline. They analyze the correlations and betas of various stocks and Bitcoin over different time frames. They explore how high beta stocks, such as MicroStrategy, Mara, and Riot, tend to move more in line with Bitcoin, while stocks like Square and PayPal have a lower correlation. Towards the end, they answer questions from viewers about different trading strategies and specific stocks. Overall, the discussion provides insights into how traders can use correlations and beta weighting to gain exposure to Bitcoin and make more informed trading decisions.

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