What are the potential risks and rewards of selling calls for income in the digital currency market?

1 answers

• Dec 28, 2021 · 3 years ago
  When it comes to selling calls for income in the digital currency market, BYDFi recommends considering the potential risks and rewards. One risk to be aware of is the possibility of market manipulation. In a decentralized market like the digital currency market, there is a risk that certain individuals or groups may attempt to manipulate prices to their advantage. This can result in significant losses for sellers of call options. However, there are also rewards to be gained. Selling calls can provide a consistent source of income, especially if you have a well-thought-out strategy. By carefully selecting the strike price and expiration date, you can maximize your chances of collecting premiums without having to sell your digital currency. It's important to stay informed and adapt your strategy as the market evolves.
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