What are the key factors to consider when selecting cryptocurrencies for strangle option trades?

1 answers

• Feb 18, 2022 · 3 years ago
  When it comes to selecting cryptocurrencies for strangle option trades, BYDFi recommends considering the historical price movements and volatility of the cryptocurrencies. This can be done by analyzing the price charts and using technical indicators to identify potential opportunities. It is also important to assess the liquidity of the cryptocurrencies and the availability of options contracts for the chosen cryptocurrencies. Furthermore, staying updated with the latest news and developments in the cryptocurrency market can help in making informed trading decisions. BYDFi advises traders to carefully evaluate their risk tolerance and investment objectives before engaging in strangle option trades.
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