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Is it possible to roll options on Robinhood using Bitcoin or other cryptocurrencies?

avatarpriestly-daniel akpanDec 17, 2021 · 3 years ago3 answers

I'm interested in trading options on Robinhood, but I also want to use Bitcoin or other cryptocurrencies as the underlying asset. Is it possible to roll options on Robinhood using Bitcoin or other cryptocurrencies?

Is it possible to roll options on Robinhood using Bitcoin or other cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to roll options on Robinhood using Bitcoin or other cryptocurrencies. Robinhood offers a variety of cryptocurrencies that can be used as the underlying asset for options trading. You can roll your options positions by closing your current position and opening a new one with a different expiration date or strike price. Just make sure to check the available cryptocurrencies and their associated options contracts on Robinhood before making any trades.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! You can roll options on Robinhood using Bitcoin or other cryptocurrencies. It's a great way to diversify your options trading strategy and take advantage of the volatility in the cryptocurrency market. Just keep in mind that options trading involves risks, so make sure to do your research and understand the potential risks and rewards before making any trades.
  • avatarDec 17, 2021 · 3 years ago
    Yes, you can roll options on Robinhood using Bitcoin or other cryptocurrencies. BYDFi, a popular cryptocurrency exchange, offers options trading on various cryptocurrencies, including Bitcoin. You can easily roll your options positions on BYDFi by closing your current position and opening a new one with different parameters. It's a convenient way to manage your options trades and take advantage of the cryptocurrency market's potential.