How can I use options to earn passive income with cryptocurrencies?

1 answers

• Dec 20, 2021 · 3 years ago
  Definitely! Here are a few strategies you can use to earn passive income with cryptocurrencies through options trading: 1. Covered call options: This involves selling call options on cryptocurrencies you already own. By doing so, you can earn premium income from the options while still holding onto your crypto assets. 2. Cash-secured put options: With this strategy, you sell put options on cryptocurrencies you would like to own. If the options are exercised, you will be obligated to buy the crypto at the strike price. However, if the options expire worthless, you get to keep the premium as income. 3. Iron condor options: This strategy involves simultaneously selling both call and put options on the same cryptocurrency. By doing so, you can earn premium income from both sides of the market while limiting your potential losses. Remember, options trading carries risks, so it's important to thoroughly understand the strategies and consult with a financial advisor if needed.
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