What are some common option strategies for trading cryptocurrencies?

1 answers

• Dec 30, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a wide range of option strategies for trading cryptocurrencies. Some of the commonly used strategies include the covered call, protective put, long straddle, iron condor, butterfly spread, and strangle. These strategies provide traders with different ways to profit from the cryptocurrency market, depending on their risk tolerance and market outlook. It's important to note that option trading involves risks, and it's always recommended to do thorough research and seek professional advice before engaging in any trading activities.
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