How can I apply option trading strategies to the world of digital currencies?

1 answers

• Mar 20, 2022 · 3 years ago
  Certainly! Applying option trading strategies to digital currencies can be a valuable approach to take. One option strategy you can consider is the long strangle, which involves buying both a call option and a put option with the same expiration date but different strike prices. This strategy profits from significant price movements in either direction. Another strategy is the butterfly spread, which involves buying one call option, selling two call options at a higher strike price, and buying another call option at an even higher strike price. This strategy profits from a narrow range of price movement. Remember to always assess the risks and rewards of each strategy before implementing them in the world of digital currencies.
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