What strategies should I use when trading options on cryptocurrencies?

1 answers

• Dec 29, 2021 · 3 years ago
  When it comes to trading options on cryptocurrencies, BYDFi offers a user-friendly platform with a wide range of options trading tools and features. One strategy you can consider is the butterfly spread strategy, which involves buying a call option with a lower strike price, selling two call options with a middle strike price, and buying another call option with a higher strike price. This strategy profits from the cryptocurrency's price staying close to the middle strike price. Another strategy is the calendar spread strategy, where you buy a longer-term call option and sell a shorter-term call option on the same cryptocurrency. This strategy profits from the cryptocurrency's price staying relatively stable. Remember to always do your own research and consult with a financial advisor before making any trading decisions.
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