How long do options on digital currencies last?
krishna kant sharmaNov 25, 2021 · 4 years ago3 answers
What is the duration of options on digital currencies? How long can one hold an option on a digital currency before it expires?
3 answers
- abdi teshomeOct 09, 2022 · 3 years agoOptions on digital currencies typically have a specific duration, which can vary depending on the exchange or platform where they are traded. The duration of an option can range from a few hours to several months. It is important to check the terms and conditions of the specific option contract to determine its expiration date. Once an option reaches its expiration date, it becomes worthless and cannot be exercised anymore. Therefore, it is crucial for traders to keep track of the expiration dates of their options to make informed investment decisions.
- Unknown_JayGradMay 11, 2023 · 2 years agoThe duration of options on digital currencies varies depending on the exchange or platform. Some options may have a short-term duration, such as daily or weekly options, while others may have a longer-term duration, such as monthly or quarterly options. It is important for traders to understand the expiration date of their options and plan their trading strategies accordingly. Additionally, it is worth noting that options can be bought or sold before their expiration date, allowing traders to exit their positions earlier if desired.
- kmkmOct 21, 2022 · 3 years agoOptions on digital currencies typically have expiration dates that can range from a few hours to several months. However, it is important to note that the duration of options can vary depending on the specific platform or exchange where they are traded. For example, on BYDFi, options on digital currencies have a duration of 30 days. This means that traders can hold an option for up to 30 days before it expires. It is advisable for traders to check the terms and conditions of the platform or exchange they are using to determine the exact duration of options on digital currencies.
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