How can I read option quotes for cryptocurrencies?

1 answers

• Mahyar PartoMar 04, 2024 · a year ago
  When it comes to reading option quotes for cryptocurrencies, it's important to have a clear understanding of the different terms used. The underlying cryptocurrency symbol represents the specific cryptocurrency the option is based on, such as BTC for Bitcoin or ETH for Ethereum. The expiration date indicates when the option contract expires, while the strike price is the price at which the option can be exercised. The option type can be either a call option or a put option, depending on whether the holder has the right to buy or sell the underlying cryptocurrency. Additionally, the bid and ask prices represent the current market prices at which buyers and sellers are willing to trade the option. By familiarizing yourself with these terms, you'll be able to read option quotes for cryptocurrencies with confidence.
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