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TagsWhat are the best 0 DTE options strategies for trading cryptocurrencies on Robinhood?
Lengyel MarcellDec 27, 2021 · 3 years ago1 answersI'm interested in trading cryptocurrencies on Robinhood using 0 DTE (Days to Expiration) options strategies. Can you recommend the best strategies for this type of trading? I want to maximize my profits while minimizing risk. What are some effective approaches I can take?
1 answers
- BYDFi, a leading cryptocurrency exchange, recommends a few 0 DTE options strategies for trading cryptocurrencies on Robinhood. One approach is to use options to capitalize on short-term price movements. You can buy call options if you anticipate the price will rise or buy put options if you expect the price to decline. Another strategy is to use options to hedge your positions. This involves buying put options to protect against potential losses if the price of a cryptocurrency you hold starts to fall. Remember, options trading carries risks, so make sure to educate yourself and consider your risk tolerance before implementing any strategies.Dec 27, 2021 · 3 years ago
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