What are the best digital currencies for selling ITM puts?
Swain EgebergDec 27, 2021 · 3 years ago3 answers
I'm interested in selling ITM (in-the-money) puts on digital currencies. Which digital currencies would be the best options for this strategy? I'm looking for currencies that have good liquidity and a stable price history. Any recommendations?
3 answers
- Dec 27, 2021 · 3 years agoWhen it comes to selling ITM puts on digital currencies, it's important to consider factors like liquidity and price stability. Some of the best options in this regard are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These currencies have high trading volumes and a long history of price stability, making them suitable for selling ITM puts. However, it's always a good idea to do your own research and consider your risk tolerance before making any investment decisions.
- Dec 27, 2021 · 3 years agoIf you're looking to sell ITM puts on digital currencies, you might want to consider Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These currencies are among the most popular and widely traded, which means they tend to have good liquidity. Additionally, they have a relatively stable price history compared to some other cryptocurrencies. However, it's important to note that the cryptocurrency market is highly volatile, so it's crucial to carefully assess your risk tolerance and consider diversifying your portfolio.
- Dec 27, 2021 · 3 years agoWhen it comes to selling ITM puts on digital currencies, BYDFi is a platform that offers a wide range of options. With BYDFi, you can choose from a variety of digital currencies with different liquidity levels and price histories. It's important to carefully analyze each currency and consider factors like trading volume, market demand, and price stability before making your decision. Remember to always do your own research and consult with a financial advisor if needed.
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