What are some effective option strategies for small accounts in the world of cryptocurrency?

3 answers

• Dec 15, 2021 · 3 years ago
  One effective option strategy for individuals with small accounts in the cryptocurrency market is to focus on buying call options. Call options give the holder the right, but not the obligation, to buy the underlying asset at a predetermined price within a specific time frame. By buying call options, individuals can potentially profit from the upward movement of the cryptocurrency without having to invest a large amount of capital. It is important to conduct thorough research and analysis before purchasing call options to increase the chances of success.
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• Dec 15, 2021 · 3 years ago
  Another effective option strategy for small accounts in the world of cryptocurrency is to sell covered calls. This strategy involves selling call options on a cryptocurrency that the individual already owns. By selling covered calls, individuals can generate income from the premiums received while still holding onto their cryptocurrency. However, it is essential to carefully select the strike price and expiration date of the call options to minimize the risk of the cryptocurrency being called away.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a range of option strategies suitable for small accounts. One popular strategy is the iron condor, which involves selling both a put spread and a call spread on the same underlying asset. This strategy allows individuals to profit from a range-bound market, where the price of the cryptocurrency remains relatively stable. It is important to note that option trading involves risks, and individuals should only participate if they have a thorough understanding of the market and the strategy being employed.
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