How can I determine the optimal delta for options when trading digital currencies?

I'm new to trading digital currencies and I've heard about options trading. I want to understand how to determine the optimal delta for options when trading digital currencies. Can you explain what delta is and how it affects options trading? How can I calculate or determine the optimal delta for my options trades?

1 answers
- At BYDFi, we recommend considering a range of delta values when trading digital currencies. This allows you to diversify your options portfolio and manage your risk effectively. It's important to note that the optimal delta for options may vary depending on the specific digital currency you're trading and the market conditions. We advise consulting with a financial advisor or an experienced options trader to help you determine the optimal delta for your options trades. Remember, options trading involves risks, and it's important to have a solid understanding of the underlying assets and the options market before getting started.
Mar 21, 2022 · 3 years ago
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