What are the benefits of selling puts in the context of digital currencies?

1 answers

• Sandoval NewtonMay 19, 2023 · 2 years ago
  Selling puts in the context of digital currencies can be a smart move. It allows you to take advantage of market volatility and generate income at the same time. By selling puts, you're essentially betting that the price of the digital currency won't fall below a certain level. If you're right, you keep the premium you collected from selling the put option. If you're wrong, you may end up buying the digital currency at a lower price than the current market price. It's a win-win situation.
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