Can I extend the expiration date of my cryptocurrency options to avoid potential losses?
Bryan TanMay 21, 2023 · 2 years ago3 answers
Is it possible to extend the expiration date of my cryptocurrency options in order to minimize potential losses? What are the options available for extending the expiration date and how does it work?
3 answers
- Moh RizaApr 01, 2021 · 4 years agoUnfortunately, it is not possible to extend the expiration date of cryptocurrency options. Once the expiration date is reached, the options contract becomes void and any potential gains or losses are settled. It is important to carefully consider the expiration date when trading options to avoid any unexpected losses.
- ff00005Apr 29, 2025 · 3 months agoNo, you cannot extend the expiration date of your cryptocurrency options. The expiration date is a predetermined date set by the exchange and cannot be changed. It is crucial to plan your trading strategy accordingly and be aware of the expiration date to avoid any potential losses.
- kainaixniaowoSep 20, 2022 · 3 years agoWhile you cannot extend the expiration date of cryptocurrency options on BYDFi, some other exchanges may offer the option to roll over or extend the expiration date. This allows traders to extend the duration of their options contracts, potentially giving them more time to profit from their positions. However, it is important to note that extending the expiration date may come with additional costs or fees, so it is essential to carefully evaluate the terms and conditions before making any decisions.
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