Can the strike price of cryptocurrency options be changed after the contract is initiated?

3 answers

• Kiven Kyle MacayJun 27, 2024 · 2 years ago
  No, the strike price of cryptocurrency options cannot be changed after the contract is initiated. The strike price is predetermined and agreed upon by both parties at the time of contract initiation. This ensures transparency and fairness in the options market. Traders should carefully consider the strike price before entering into an options contract to align with their trading strategies and market expectations.
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• Harsha BNov 25, 2024 · a year ago
  Absolutely not! Once the cryptocurrency options contract is initiated, the strike price is set in stone. It's like a tattoo that you can't change, so choose wisely! The strike price is a crucial factor in determining the profitability of your options trade. Make sure you do your research and analysis before committing to a contract with a specific strike price.
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• kensominicDec 17, 2023 · 2 years ago
  While I can't speak for other exchanges, at BYDFi, the strike price of cryptocurrency options cannot be changed after the contract is initiated. This is to ensure a fair and transparent trading environment for all our users. We encourage traders to carefully consider their strike price selection before entering into an options contract to maximize their potential profits.
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