What strategies should I consider when trading cryptocurrencies live with options?

1 answers

• Mar 21, 2022 · 3 years ago
  When it comes to trading cryptocurrencies live with options, there are a few strategies that can be effective. One strategy is the covered call strategy, where you sell call options on cryptocurrencies you already own. This can generate income from the premiums received from selling the options, while still allowing you to benefit from any potential upside in the underlying cryptocurrencies. Another strategy is the straddle strategy, where you simultaneously buy both a call option and a put option on the same cryptocurrency. This strategy can profit from significant price movements in either direction. Additionally, technical analysis indicators such as moving averages and RSI can be used to identify potential entry and exit points for options trades. It's important to thoroughly research and understand these strategies before implementing them in live trading.
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