Which cryptocurrencies are most suitable for implementing a collar options strategy?
Avej ShaikhDec 25, 2021 · 3 years ago1 answers
Can you recommend some cryptocurrencies that are well-suited for implementing a collar options strategy? I'm looking for cryptocurrencies that have a relatively stable price and are less volatile compared to others. It would be great if these cryptocurrencies have options trading available on major exchanges as well. Could you provide some insights on this?
1 answers
- Dec 25, 2021 · 3 years agoWhen it comes to implementing a collar options strategy, there are several cryptocurrencies that you can consider. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are some of the most suitable options. These cryptocurrencies have a relatively stable price and are less volatile compared to others. They also have options trading available on major exchanges like Binance and Coinbase. So, you can easily implement a collar options strategy with these cryptocurrencies. However, it's important to note that BYDFi, a digital currency exchange, also offers options trading for cryptocurrencies. So, you might want to check out BYDFi as well if you're interested in collar options trading.
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