Can I extend the expiration date of my cryptocurrency options to avoid potential losses?

3 answers

• Dec 28, 2021 · 3 years ago
  Unfortunately, it is not possible to extend the expiration date of cryptocurrency options. Once the expiration date is reached, the options contract becomes void and any potential gains or losses are settled. It is important to carefully consider the expiration date when trading options to avoid any unexpected losses.
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• Dec 28, 2021 · 3 years ago
  No, you cannot extend the expiration date of your cryptocurrency options. The expiration date is a predetermined date set by the exchange and cannot be changed. It is crucial to plan your trading strategy accordingly and be aware of the expiration date to avoid any potential losses.
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• Dec 28, 2021 · 3 years ago
  While you cannot extend the expiration date of cryptocurrency options on BYDFi, some other exchanges may offer the option to roll over or extend the expiration date. This allows traders to extend the duration of their options contracts, potentially giving them more time to profit from their positions. However, it is important to note that extending the expiration date may come with additional costs or fees, so it is essential to carefully evaluate the terms and conditions before making any decisions.
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