Are there any specific options strategies recommended for small cryptocurrency accounts?

1 answers

• Juan ParraOct 13, 2020 · 5 years ago
  At BYDFi, we recommend a strategy called the collar strategy for small cryptocurrency accounts. This strategy involves buying a protective put option to limit downside risk while simultaneously selling a covered call option to generate income. The collar strategy can be a useful tool for managing risk and generating income in a small account. However, it's important to note that options trading involves risks, and it's crucial to do thorough research and seek professional advice before implementing any strategies. Remember to always consider your risk tolerance and investment goals before making any trading decisions.
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