Do I need to close my cryptocurrency options before the end of the day?

3 answers

• Dec 26, 2021 · 3 years ago
  It depends on your trading strategy and the specific options you hold. If your options are expiring at the end of the day and you don't want to exercise them, it's generally a good idea to close them before the market closes. This ensures that you won't be assigned the underlying asset and have to deal with the associated risks. However, if you have options that are still valid beyond the end of the day and you believe they have the potential for further gains, you may choose to hold onto them. Just be aware of any potential risks or market volatility that could affect the value of your options.
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• Dec 26, 2021 · 3 years ago
  No, you don't necessarily need to close your cryptocurrency options before the end of the day. It depends on your trading strategy and the specific options you hold. If you have options that are expiring at the end of the day and you don't want to exercise them, you can simply let them expire. However, keep in mind that if you don't close your options, you won't be able to realize any potential gains or losses until the next trading day. It's important to carefully consider your options and make an informed decision based on your trading goals and risk tolerance.
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• Dec 26, 2021 · 3 years ago
  As an expert at BYDFi, I recommend evaluating your cryptocurrency options before the end of the day. While it's not necessary to close them, it's important to assess their current value and market conditions. If you believe that the options have reached their peak or are no longer aligned with your investment strategy, closing them might be a wise decision. However, if you have confidence in the options and expect them to continue performing well, you can choose to hold onto them. Remember to always stay informed about market trends and make decisions based on your own analysis and risk tolerance.
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