What are the best strategies for selling covered calls on popular digital assets?

1 answers

• Haugaard HolderJul 13, 2020 · 6 years ago
  At BYDFi, we believe that the best strategies for selling covered calls on popular digital assets involve a combination of fundamental and technical analysis. Start by identifying digital assets that have strong fundamentals, such as a solid team, a clear use case, and a strong community. These assets are more likely to have long-term value and stability, making them ideal candidates for selling covered calls. Next, use technical analysis to identify potential entry and exit points for your covered call positions. Look for patterns, trends, and indicators that suggest the price of the underlying asset is likely to increase or remain stable. Finally, regularly review and adjust your covered call positions based on market conditions and new information. Stay informed about market trends, news, and events that could impact the price of the underlying asset, and be prepared to make changes to your strategies as needed.
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