What are some popular strategies for options trading on TradingView in the crypto space?
Martha KiguwaDec 15, 2021 · 3 years ago3 answers
Can you provide some popular strategies for options trading on TradingView in the crypto space? I'm looking for effective methods to maximize my profits and minimize risks while trading options on TradingView. Any advice or tips would be greatly appreciated!
3 answers
- Dec 15, 2021 · 3 years agoSure! One popular strategy for options trading on TradingView in the crypto space is the covered call strategy. This involves selling call options on an asset that you already own. It allows you to generate income from the premiums received from selling the options, while still benefiting from any potential price appreciation of the asset. Another strategy is the long straddle, where you buy both a call option and a put option with the same strike price and expiration date. This strategy profits from significant price movements in either direction. Remember to do thorough research and analysis before implementing any strategy to ensure it aligns with your risk tolerance and investment goals.
- Dec 15, 2021 · 3 years agoWell, options trading on TradingView in the crypto space can be quite exciting! 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 profits from a range-bound market, where the price of the asset stays within a certain range. Another strategy is the butterfly spread, which involves buying one call option, selling two call options at a higher strike price, and buying another call option at an even higher strike price. This strategy profits from a narrow range of price movement. Remember to consider factors such as volatility, time decay, and liquidity when choosing your options trading strategies.
- Dec 15, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, offers a wide range of options trading strategies on TradingView in the crypto space. One popular strategy is the strangle strategy, which involves buying both a call option and a put option with different strike prices but the same expiration date. This strategy profits from significant price movements in either direction. Another strategy is the calendar spread, where you buy and sell options with the same strike price but different expiration dates. This strategy profits from time decay. Remember to always assess your risk tolerance and consult with a financial advisor before engaging in options trading.
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