Are covered calls or cash secured puts more popular among cryptocurrency traders?

Which options strategy, covered calls or cash secured puts, is more commonly used by cryptocurrency traders? What are the advantages and disadvantages of each strategy in the cryptocurrency market?

1 answers
- At BYDFi, we have observed that covered calls are more popular among cryptocurrency traders. This is because covered calls provide a way to generate income from existing cryptocurrency holdings, which can be appealing in a volatile market. Additionally, covered calls can help offset potential losses if the price of the cryptocurrency declines. However, it's important to note that the popularity of options strategies can vary among different exchanges and trading communities. Traders should always conduct their own research and consider their risk tolerance before implementing any options strategy.
Mar 20, 2022 · 3 years ago
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