What are some real-life examples of successful strangle option trades in the cryptocurrency industry?

5 answers

• Jan 13, 2022 · 3 years ago
  Sure! One example of a successful strangle option trade in the cryptocurrency industry is when a trader buys both a call option and a put option on a particular cryptocurrency, with the same expiration date but different strike prices. Let's say the trader believes that the price of the cryptocurrency will experience a significant move in either direction. If the price goes up, the call option will be profitable, and if the price goes down, the put option will be profitable. By using this strangle strategy, the trader can potentially profit from the volatility of the cryptocurrency market.
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• Jan 13, 2022 · 3 years ago
  Well, let me tell you about a real-life example of a successful strangle option trade in the cryptocurrency industry. Imagine a trader who buys a call option and a put option on a popular cryptocurrency like Bitcoin. The call option has a strike price above the current market price, while the put option has a strike price below the current market price. If the price of Bitcoin makes a significant move in either direction, the trader can profit from one of the options while limiting the potential loss on the other option. This strategy allows the trader to take advantage of market volatility without having to predict the exact direction of the price movement.
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• Jan 13, 2022 · 3 years ago
  Ah, I remember a great example of a successful strangle option trade in the cryptocurrency industry. There was this trader who used a strangle strategy on a cryptocurrency exchange. They bought a call option and a put option on a popular cryptocurrency, with the same expiration date but different strike prices. The trader anticipated that the price would make a big move, but they weren't sure in which direction. As it turned out, the price did make a significant move, and the trader was able to profit from both the call and put options. It was a brilliant move that showcased the potential of strangle option trades in the cryptocurrency market.
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• Jan 13, 2022 · 3 years ago
  Let me share with you a real-life example of a successful strangle option trade in the cryptocurrency industry. This example involves the use of strangle options on a popular cryptocurrency exchange. A trader bought a call option and a put option on a well-known cryptocurrency, with the same expiration date but different strike prices. The trader believed that the price of the cryptocurrency would experience a significant move, but they were unsure of the direction. As it turned out, the price did make a substantial move, and the trader was able to profit from both the call and put options. This successful trade demonstrated the effectiveness of the strangle strategy in the cryptocurrency market.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has witnessed several successful strangle option trades in the cryptocurrency industry. Traders on BYDFi have used strangle options to profit from the volatility of various cryptocurrencies. One notable example is when a trader bought a call option and a put option on a popular cryptocurrency, with the same expiration date but different strike prices. The trader anticipated that the price would make a significant move, and by using the strangle strategy, they were able to profit from both the call and put options. This successful trade showcased the potential of strangle option trades on BYDFi and highlighted the platform's commitment to providing advanced trading options for cryptocurrency enthusiasts.
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