What are the strategies for trading options on cryptocurrencies expiring today?

1 answers

• Dec 27, 2021 · 3 years ago
  BYDFi offers a range of strategies for trading options on cryptocurrencies expiring today. One popular strategy is the 'covered call' strategy, where you sell a call option on a cryptocurrency you already own. This allows you to generate income from the premium received while still holding onto your cryptocurrency. Another strategy is the 'straddle' strategy, which involves buying both a call option and a put option with the same strike price and expiration date. This strategy allows you to profit from significant price movements in either direction. Additionally, you can use technical analysis indicators, such as moving averages and support/resistance levels, to identify potential entry and exit points for your options trades. Remember to always do thorough research and analysis before implementing any strategy.
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