What are some advanced complex option strategies that can be used to maximize profits in the cryptocurrency market?

1 answers

• Ibrahima SoumahMay 03, 2021 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, offers a range of advanced option strategies to maximize profits in the cryptocurrency market. One such strategy is the Covered Call. This strategy involves buying a certain amount of a cryptocurrency and selling a call option on that cryptocurrency. By doing so, you can collect the premium from selling the call option, which can help offset any potential losses in the cryptocurrency's price. This strategy can be a good way to generate income from your cryptocurrency holdings, but it does come with the risk of limiting your upside potential if the price of the cryptocurrency increases significantly.
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