BYDFi
Trade wherever you are!
Buy Crypto
New
Markets
Trade
Derivatives
common-fire-img
BOT
Events

How does rolling options impact day trading in the cryptocurrency market?

Gonzalo AguettiNov 12, 2020 · 5 years ago1 answers

Can you explain how the practice of rolling options affects day trading in the cryptocurrency market? What are the potential advantages and disadvantages of using this strategy?

1 answers

  • Muhammad Junaid AnwarApr 14, 2021 · 4 years ago
    Rolling options is a strategy that can be used in day trading to manage risk and maximize profits. In the cryptocurrency market, rolling options can be particularly useful due to the high volatility. By rolling options, traders can adjust their positions based on market conditions and take advantage of short-term price movements. This strategy allows traders to potentially profit from both upward and downward price movements, depending on the direction of their options. However, it's important to note that rolling options requires careful analysis and timing. Traders need to closely monitor market trends and make informed decisions to maximize the benefits of rolling options.

Top Picks