What are the most profitable option trading examples in the cryptocurrency industry?

1 answers

• Dorsey ChristoffersenNov 22, 2021 · 4 years ago
  Option trading in the cryptocurrency industry can be highly profitable if done right. One example of a profitable strategy is the use of covered calls. This involves selling call options on a cryptocurrency that you already own. By doing so, you can generate income from the premiums received while still holding onto your cryptocurrency. Another profitable strategy is the use of long straddles, which involves buying both a call option and a put option on the same cryptocurrency with the same expiration date. If the cryptocurrency experiences a significant price movement in either direction, you can profit from the increase in the value of one of the options while limiting your losses on the other. Lastly, using iron condors can also be profitable. This strategy involves selling both a call spread and a put spread on the same cryptocurrency with the same expiration date. If the cryptocurrency remains within a certain price range, you can profit from the premiums received. However, if the price moves outside of the range, losses can be limited by the spreads. These are just a few examples of profitable option trading strategies in the cryptocurrency industry.
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