What are the top strategies for option trading in the cryptocurrency market?

1 answers

• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a range of option trading strategies for traders in the cryptocurrency market. Some of the top strategies include the strangle strategy, which involves buying both a call option and a put option with different strike prices. This strategy profits from significant price movements in either direction. Another popular strategy is the ratio spread, which involves buying and selling options with different strike prices and quantities. This strategy can be used to profit from a specific price range. Additionally, the iron butterfly strategy is commonly used in the cryptocurrency market. It involves buying and selling options with four different strike prices, resulting in a limited-risk, limited-reward position. Remember to always conduct thorough research and analysis before implementing any strategy to ensure it aligns with your trading goals.
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