How does selling a call option work for cryptocurrencies like Bitcoin and Ethereum?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, selling a call option for cryptocurrencies like Bitcoin and Ethereum is a popular strategy among traders. It allows them to generate income from their crypto holdings and potentially profit from market volatility. When you sell a call option on BYDFi, you can set the strike price and the expiration date according to your preferences. The platform provides a user-friendly interface for managing your options positions and monitoring market conditions. It's important to understand the risks involved in options trading and to have a solid understanding of the underlying cryptocurrency market before engaging in call option selling.
  644322