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TagsWhat are the best strategies for using strangle in options in the cryptocurrency market?
user23018868Dec 25, 2021 · 3 years ago1 answersI'm interested in learning about the best strategies for using the strangle options strategy in the cryptocurrency market. Can you provide some insights on how to effectively implement this strategy and maximize profits? Specifically, I'd like to know the key factors to consider when selecting the strike prices and expiration dates for the strangle options. Additionally, are there any specific cryptocurrencies that are more suitable for implementing this strategy?
1 answers
- At BYDFi, we believe that the strangle options strategy can be an effective tool in the cryptocurrency market. When selecting strike prices, it's important to consider the historical price movements of the cryptocurrency and identify key support and resistance levels. This can help determine the range within which the strangle strategy can be implemented. Additionally, it's crucial to stay updated on market news and events that may impact the cryptocurrency's price. By combining technical analysis with market insights, you can make more informed decisions when implementing the strangle strategy in the cryptocurrency market.Dec 25, 2021 · 3 years ago
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