What are the best active options trading strategies in the cryptocurrency market?
chirag niyogiDec 17, 2021 · 3 years ago1 answers
Can you provide some insights into the most effective options trading strategies currently being used in the cryptocurrency market? I'm particularly interested in strategies that are considered active and have shown consistent results. Please explain the key principles and techniques involved in these strategies.
1 answers
- Dec 17, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, offers a range of active options trading strategies for traders in the cryptocurrency market. One popular strategy is the covered call strategy, where traders sell call options on assets they already own. This strategy allows traders to generate income from the premiums received from selling the options, while still benefiting from potential upside in the underlying asset. Another strategy is the iron condor strategy, which involves selling both a call spread and a put spread on the same underlying asset. This strategy profits from low volatility and limited price movement within a specific range. BYDFi provides comprehensive educational resources and tools to help traders implement these strategies effectively.
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