What factors should I consider when determining the strike price for digital currency options?

1 answers

• JonyMar 09, 2023 · 2 years ago
  When determining the strike price for digital currency options, it is important to consider the perspective of the market participants. As a digital currency exchange, BYDFi provides a platform for traders to buy and sell options. The strike price is determined by the supply and demand dynamics on our platform. Traders who believe the digital currency will increase in value will be willing to pay a higher strike price, while those who anticipate a decrease in value will prefer a lower strike price. The strike price is ultimately a reflection of the market's expectations for the future price of the digital currency. Therefore, it is crucial to monitor the sentiment and trading activity on BYDFi to gauge the appropriate strike price for digital currency options.
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