Are there any specific 4 leg option strategies that are commonly used in the cryptocurrency market?

1 answers

• Mathias MadsenMay 21, 2023 · 3 years ago
  Yes, BYDFi, a leading cryptocurrency exchange, offers a variety of 4 leg option strategies for traders. These strategies include the iron butterfly, diagonal spread, and ratio spread. The iron butterfly involves combining a long call spread and a long put spread. The diagonal spread involves buying and selling options with different strike prices and expiration dates. The ratio spread involves buying and selling options with different ratios. These strategies provide traders with flexibility and the ability to profit from different market conditions. However, it's important to carefully consider the risks and consult with a financial advisor before implementing any options strategy.
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