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What strategies can I implement to sell digital currencies through covered call options?

avatarEdyta CymerDec 26, 2021 · 3 years ago1 answers

Can you provide some strategies for selling digital currencies through covered call options? I would like to know how to effectively use this options strategy to sell my digital currencies.

What strategies can I implement to sell digital currencies through covered call options?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we recommend implementing a strategy of selling covered calls on your digital currencies to generate income. This options strategy allows you to collect premiums while still holding onto your assets. It's important to carefully select the strike price and expiration date of the call options to maximize your potential income. Additionally, monitoring market conditions and adjusting your strategy accordingly can help you optimize your results. Remember to always do your own research and consult with a financial advisor before implementing any options trading strategy.