What are the best beginner options trading strategies for cryptocurrency?

3 answers

• JeanMarc RAJAONARIVELONAFeb 19, 2025 · 6 months ago
  One of the best beginner options trading strategies for cryptocurrency is the covered call strategy. This strategy involves buying the underlying cryptocurrency and selling call options on it. By doing so, you can generate income from the premiums received from selling the call options, while still benefiting from any potential upside in the cryptocurrency's price. This strategy is relatively low risk as it provides downside protection through the ownership of the underlying cryptocurrency.
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• Kent LambFeb 13, 2021 · 5 years ago
  Another effective strategy for beginners in cryptocurrency options trading is the long put strategy. This strategy involves buying put options on a cryptocurrency that you believe will decline in price. By purchasing put options, you have the right to sell the cryptocurrency at a predetermined price, which can protect you from potential losses if the cryptocurrency's price drops. This strategy is relatively easy to understand and can be used to hedge against downside risk.
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• Clint RobbibsJan 22, 2022 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, offers a range of educational resources for beginners in options trading. They provide step-by-step guides on various strategies, including covered calls and long puts. These resources can help beginners understand the basics of options trading and how to implement these strategies effectively. Additionally, BYDFi offers a user-friendly trading platform that makes it easy for beginners to execute options trades.
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