How can I effectively use the bear call spread strategy in the cryptocurrency market?

1 answers

• Laura DelgadoApr 17, 2021 · 4 years ago
  Hey there! Looking to use the bear call spread strategy in the cryptocurrency market? Here's how you can do it: 1. Find a cryptocurrency that you think will go down in price. 2. Sell a call option with a strike price higher than the current market price of the cryptocurrency. 3. At the same time, buy a call option with an even higher strike price. 4. The premium you get from selling the call option will help cover the cost of buying the higher strike call option. 5. If the price of the cryptocurrency stays below the strike price of the sold call option at expiration, both options expire worthless, and you keep the premium. Just remember to do your research and consider the risks involved. Good luck with your bear call spread strategy in the cryptocurrency market!
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