Selling Call Options on Bitcoin?

Yeah.

So, you know, these are, you know, option override ETFs.

You know, you you're along the under the line delta, you sell a call option.

Um, you know, one's on actual spot bitcoin.

One's on a company that's actually a software company that, you know, owns a lot of Bitcoin on their balance sheet.

So, I mean, Bitcoin is, you know, extremely volatile asset.

Now, you're talking about, and that's like an asset class, right?

Bitcoin.

Now you talk about a single stock which single stocks have a lot of idiosyncratic risk and on top of that you know you're sort of taking a software company cloud software you know service and whatever they do that just happens to own a ton of Bitcoin on their you know on their treasury balance sheet.

So you know these are >> with borrowed holdings no less. >> Yeah I mean this is so you know very different.

So, you know, generally speaking, from my standpoint as a portfolio manager, you know, if you were going to own, you know, an asset class, you know, you kind of size it appropriately in your portfolio and you just, you know, you say, "Okay, this is going to be your, you know, your alpha." So, I don't love this the fact that you're going to sell call options because I think you kind of clip your upside.

But, you know, these are two different, you know, beasts, but they're all sort of, you know, sell on the upside.