common-close-0
BYDFi
Trade wherever you are!

How can I minimize losses when rolling a losing call option in the world of digital currencies?

avatarPrabhashini WeerasingheDec 27, 2021 · 3 years ago1 answers

I recently purchased a call option for a digital currency, but the price has been dropping and I'm facing potential losses. How can I minimize these losses when rolling a losing call option in the world of digital currencies?

How can I minimize losses when rolling a losing call option in the world of digital currencies?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, offers a feature called 'Rolling Options' that can help minimize losses when dealing with losing call options. With Rolling Options, you have the ability to extend the expiration date of your call option, giving the digital currency more time to potentially recover. This feature allows you to adapt to changing market conditions and minimize losses. However, it's important to note that rolling options involves additional costs, so make sure to carefully consider the potential gains and losses before utilizing this feature. BYDFi provides comprehensive educational resources and support to help users make informed decisions when it comes to rolling call options and managing their digital currency investments.