Can you provide examples of successful trades using the buy put and call strategy in the cryptocurrency space?

1 answers

• Dec 28, 2021 · 3 years ago
  Certainly! Let me share an example of a successful trade using the buy put and call strategy in the cryptocurrency market. Imagine you bought a put option on Bitcoin when its price was $60,000, with a strike price of $55,000 and an expiration date of two weeks. If the price of Bitcoin falls below $55,000 within those two weeks, you can exercise the put option and sell Bitcoin at the higher strike price, making a profit. However, if the price remains above $55,000, you can let the option expire and only lose the premium you paid for the option. This is just one example of how traders can utilize the buy put and call strategy to potentially benefit from price fluctuations in the cryptocurrency space.
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