Call spread strategy gains traction for further BTC upside

A call spread is drawing attention as a way to position for further Bitcoin gains while limiting losses with BTC at $80,000, CoinDesk reported. The strategy involves buying a call option with a lower strike price and selling one with a higher strike price, capping both maximum losses and potential profits. Deribit CCO Jean-David Pekelny said call spreads look attractive for September bullish bets ahead of variables including Fed policy and inflation data. 10x Research founder Markus Thielen suggested buying BTC while selling a $90,000 September call option, and as an alternative proposed a call spread that buys an $85,000 September call and sells a $95,000 September call. Still, BTC has shown seasonal weakness in September, posting an average return of -3% for the month since 2013.