Are covered calls or cash secured puts more popular among cryptocurrency traders?

1 answers

• jackson mandelaNov 24, 2023 · 2 years ago
  At BYDFi, we have observed that covered calls are more popular among cryptocurrency traders. This is because covered calls provide a way to generate income from existing cryptocurrency holdings, which can be appealing in a volatile market. Additionally, covered calls can help offset potential losses if the price of the cryptocurrency declines. However, it's important to note that the popularity of options strategies can vary among different exchanges and trading communities. Traders should always conduct their own research and consider their risk tolerance before implementing any options strategy.
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