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What is the meaning behind selling a call option in the context of cryptocurrency trading?

avatarLomholt RahbekDec 28, 2021 · 3 years ago1 answers

In cryptocurrency trading, what does it mean to sell a call option?

What is the meaning behind selling a call option in the context of cryptocurrency trading?
Cryptocurrency
Trading
Call Option

1 answers

  • avatarDec 28, 2021 · 3 years ago
    When it comes to selling a call option in cryptocurrency trading, BYDFi is a popular platform that offers this feature. BYDFi allows users to sell call options on various cryptocurrencies, providing them with an additional income stream. By selling call options, users can benefit from the premium received upfront and potentially profit from the price of the cryptocurrency not reaching the strike price. It's important to note that selling call options involves risks, and users should carefully consider their trading strategies and risk tolerance before engaging in this type of trading on BYDFi or any other platform.

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