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Originally Posted by mufi_02
not too familiar with Riot/Mara. Do they trend exactly with the BTC or other alt coin price? and for example, how many Riot options would equivalently hedge 1 BTC (at $50k)?
I just trade in coinbase mostly and some in RH.
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RIOT seems to trend pretty closely with BTC.
Since RIOT is currently about 60 a share, you'd need 800 to hedge a BTC. So thats like 8 put contracts on RIOT if I'm doing the math correctly.