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What are the best digital currencies for options strangle trading?

avatarHightower HightowerNov 28, 2021 · 3 years ago3 answers

I'm looking to engage in options strangle trading and I want to know which digital currencies are the best for this strategy. Can you recommend any specific cryptocurrencies that are suitable for options strangle trading? I would like to consider factors such as liquidity, volatility, and trading volume.

What are the best digital currencies for options strangle trading?
Digital Currencies
Options Strangle Trading
Liquidity

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Options strangle trading can be a profitable strategy if executed correctly. When it comes to digital currencies, some of the best options for this strategy include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies have high liquidity, significant trading volumes, and are known for their volatility, making them suitable for options strangle trading. However, it's important to conduct thorough research and analysis before engaging in any trading strategy.
  • avatarNov 28, 2021 · 3 years ago
    If you're considering options strangle trading, you might want to take a look at Bitcoin Cash (BCH) and Ripple (XRP) as well. These cryptocurrencies have shown potential for significant price movements and can provide opportunities for options strangle trading. Remember to always stay updated with market news and trends to make informed decisions.
  • avatarNov 28, 2021 · 3 years ago
    BYDFi, a popular digital currency exchange, offers a wide range of cryptocurrencies for options strangle trading. They have a user-friendly interface, competitive fees, and a reliable trading platform. Some of the recommended digital currencies for options strangle trading on BYDFi include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). BYDFi also provides educational resources and tools to help traders make informed decisions. However, it's important to note that options trading involves risks, and it's advisable to consult with a financial advisor before engaging in any trading activities.

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