What are some successful real-life examples of bull credit spreads in the cryptocurrency industry?

1 answers

• Jan 13, 2022 · 3 years ago
  Well, I can give you an example of a successful real-life bull credit spread in the cryptocurrency industry. At BYDFi, we have seen traders use this strategy to their advantage. For instance, one trader sold an out-of-the-money put option on Bitcoin and simultaneously bought an out-of-the-money call option. This allowed the trader to collect a premium from selling the put option while also having the potential to profit from the call option if Bitcoin's price increased. The trader was able to limit their downside risk while still benefiting from the bullish market. It's a strategy that has proven to be successful for many traders in the cryptocurrency industry.
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