What strategies can I use with level 4 options approval to maximize my profits in the crypto market?

3 answers

• ChachlykkJun 22, 2025 · a month ago
  One strategy you can use with level 4 options approval is to implement a covered call strategy. This involves selling call options on a crypto asset that you already own. By doing so, you can generate income from the premiums received while still holding onto your crypto assets. This strategy can help you maximize your profits by taking advantage of both the price appreciation of the crypto asset and the income generated from selling the call options.
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• MOHAMMED MARKIKAug 29, 2020 · 5 years ago
  Another strategy is to use a straddle strategy. With level 4 options approval, you can simultaneously buy both a call option and a put option on the same crypto asset. This allows you to profit from significant price movements in either direction. If the price goes up, the call option will generate profits, and if the price goes down, the put option will generate profits. This strategy can be particularly effective during periods of high volatility in the crypto market.
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• Muhammad Shahid UsmanFeb 19, 2023 · 2 years ago
  BYDFi, a leading digital asset exchange, offers a wide range of options trading strategies to help you maximize your profits in the crypto market. With level 4 options approval, you can take advantage of advanced options strategies such as iron condors, butterfly spreads, and strangle strategies. These strategies allow you to profit from various market conditions and can help you achieve higher returns on your investments. BYDFi provides comprehensive educational resources and support to help you understand and implement these strategies effectively.
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