I am not scared by this correction. It is going nice and clean. It is gonna be over soon. Next concern: raise in interest rates will lead to a further loss of at least 10% (not this one, later). Nonetheless here is a bullish play. Two standard deviations from now have a little probability to end ITM. Cover at 50% (likely carrying a 60 days exp to 30 days exp--hoping it is not going down so much in the next month).
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Worst correction since china tech bubble burst of JUN 2015 Bitcoin is for pussies