Can the strike price of cryptocurrency options change after they are purchased?

3 answers

• Juan Miguel Quirós RamirezNov 29, 2023 · 2 years ago
  No, the strike price of cryptocurrency options cannot be changed once they have been purchased. The strike price is determined at the time of purchase and remains fixed throughout the duration of the option contract. This is to ensure transparency and fairness in the options market. Traders should carefully consider the strike price before making a purchase, as it directly affects the profitability of the option.
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• GuyorgAug 22, 2021 · 4 years ago
  Absolutely not! Once you've made the purchase, the strike price is set in stone. It's like buying a ticket to a concert - you can't change the price after you've already paid. So, make sure you do your research and choose a strike price that aligns with your trading strategy.
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• Cod LinAug 07, 2021 · 4 years ago
  While I can't speak for all exchanges, at BYDFi, the strike price of cryptocurrency options cannot be modified after they are purchased. This is to maintain the integrity of the options market and ensure a fair trading environment for all participants. Traders should carefully consider their desired strike price before executing their options trades on our platform.
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