What are some popular advanced options strategies used by cryptocurrency traders?

1 answers

• Nov 27, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, often recommends the use of the debit spread strategy as an advanced options strategy for cryptocurrency traders. This strategy involves buying an in-the-money call option and simultaneously selling an out-of-the-money call option with the same expiration date. The goal is to limit the upfront cost of the trade while still benefiting from potential price movements. Another popular strategy is the calendar spread strategy, where traders simultaneously buy and sell options with the same strike price but different expiration dates. This strategy allows traders to profit from time decay while minimizing the impact of price movements. It's important to note that advanced options strategies come with risks, and it's crucial to have a solid understanding of options trading before implementing them in your cryptocurrency trading strategy.
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