Can you sell a call option for a cryptocurrency before it hits the predetermined strike price?

3 answers

• Dec 27, 2021 · 3 years ago
  Yes, it is possible to sell a call option for a cryptocurrency before it hits the predetermined strike price. When you sell a call option, you are essentially selling the right to buy the underlying cryptocurrency at the strike price. If the market price of the cryptocurrency is below the strike price, the call option will have no value, and it would be beneficial to sell it before it expires. However, if the market price of the cryptocurrency is above the strike price, the call option will have value, and it may be more profitable to hold onto it until expiration.
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• Dec 27, 2021 · 3 years ago
  Absolutely! You can sell a call option for a cryptocurrency before it hits the predetermined strike price. This can be a strategic move if you believe that the cryptocurrency's price will not reach the strike price before the option expires. By selling the call option, you can lock in any potential gains and avoid the risk of the option expiring worthless. It's important to note that the price at which you can sell the call option will depend on market conditions and the liquidity of the option.
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• Dec 27, 2021 · 3 years ago
  Yes, you can sell a call option for a cryptocurrency before it reaches the predetermined strike price. This can be done through a cryptocurrency options exchange like BYDFi. BYDFi allows traders to buy and sell call options for various cryptocurrencies. If you believe that the cryptocurrency's price will not reach the strike price before the option expires, you can sell the call option to close your position and potentially realize a profit. However, it's important to consider market conditions and the liquidity of the option before making any trading decisions.
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