What strategies should I consider when trading options on cryptocurrencies?

1 answers

• kiran kumarJun 25, 2021 · 4 years ago
  Trading options on cryptocurrencies can be a profitable venture if done right. One strategy to consider is the risk reversal strategy. This involves buying a call option and selling a put option with the same expiration date. This strategy allows you to profit from an increase in the price of the cryptocurrency while protecting yourself from a decrease in price. Another strategy is the strangle strategy, where you buy both a call option and a put option with different strike prices but the same expiration date. This strategy can be used when you expect a significant price movement in a cryptocurrency. Remember to always manage your risk and never invest more than you can afford to lose.
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