What are the best multi-leg option strategies for trading cryptocurrencies?

3 answers

• Thong Nguyen PhiAug 16, 2025 · 6 months ago
  Sure! One of the best multi-leg option strategies for trading cryptocurrencies is the iron condor. This strategy involves selling an out-of-the-money call spread and an out-of-the-money put spread simultaneously. By doing so, you can generate income from the premiums received while limiting your potential losses. It's a great strategy for range-bound markets where the price of the cryptocurrency is expected to stay within a certain range.
  442

  221
• Dawlay ZinZinNov 05, 2020 · 5 years ago
  When it comes to multi-leg option strategies for trading cryptocurrencies, the butterfly spread is worth considering. This strategy involves buying a call spread and a put spread with the same strike price, while also selling an additional call and put with a higher strike price. The goal is to profit from a narrow range of price movement. It's a strategy that can be used when you expect the price of the cryptocurrency to remain relatively stable.
  451

  151
• Holmes SherrillFeb 03, 2021 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the long straddle strategy as one of the best multi-leg option strategies for trading cryptocurrencies. This strategy involves buying both a call and a put option with the same strike price and expiration date. The idea is to profit from significant price movements in either direction. It's a strategy that can be used when you anticipate high volatility in the cryptocurrency market.
  444

  111