What are some popular strategies for trading digital currencies using options?

1 answers

• Dec 30, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers a range of options trading strategies for trading digital currencies. One popular strategy is the delta-neutral strategy, which involves creating a portfolio of options and underlying assets in such a way that the delta of the portfolio is zero. This strategy allows traders to profit from changes in the price of the digital currency without being exposed to directional risk. Another strategy offered by BYDFi is the calendar spread strategy, which involves buying and selling options with different expiration dates. This strategy takes advantage of the time decay of options and can be profitable when the price of the digital currency remains relatively stable. BYDFi also provides educational resources and tools to help traders understand and implement these strategies effectively. Remember to always do your own research and consult with a financial advisor before making any investment decisions.
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