Are there any recommended out of the money options strategies for beginners in the world of cryptocurrency?

3 answers

• Anthony HallMay 03, 2023 · 2 years ago
  Sure, as a beginner in the world of cryptocurrency, it's important to understand that out of the money options strategies can be risky. However, one recommended strategy for beginners is the covered call strategy. This strategy involves selling call options on cryptocurrencies that you already own. By doing so, you can generate income from the premiums received while still holding onto your cryptocurrencies. It's a relatively low-risk strategy that can be a good starting point for beginners.
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• babyQJul 01, 2021 · 4 years ago
  As a beginner, it's crucial to do your research and understand the risks associated with out of the money options strategies in the world of cryptocurrency. One strategy that is often recommended is the long straddle strategy. This involves buying both a call option and a put option with the same strike price and expiration date. The idea behind this strategy is to profit from significant price movements in either direction. However, it's important to note that this strategy can be more suitable for experienced traders who are comfortable with higher risks.
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• Kroco MumetJul 12, 2023 · 2 years ago
  BYDFi, a popular cryptocurrency exchange, offers a wide range of options strategies for beginners. One recommended strategy is the bull call spread. This strategy involves buying a call option at a lower strike price and simultaneously selling a call option at a higher strike price. The goal is to profit from a moderate increase in the price of the underlying cryptocurrency. BYDFi provides educational resources and support for beginners looking to explore options strategies in the world of cryptocurrency.
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