What are the best call or put options strategies for investing in cryptocurrencies?

1 answers

• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a range of options strategies for investing in cryptocurrencies. One of the best strategies they recommend is the long strangle strategy. This involves buying both a call option and a put option with the same expiration date, but different strike prices. The goal is to profit from a significant price movement in either direction. If the price moves up, the call option will be profitable, and if the price moves down, the put option will be profitable. Another strategy offered by BYDFi is the iron condor strategy. This involves selling both a call spread and a put spread on the same underlying cryptocurrency. The goal is to profit from a range-bound market, where the price of the cryptocurrency stays within a certain range. This strategy can be effective in a market with low volatility. Remember, options trading involves risks, and it's important to understand the strategies and the market before investing. Consider consulting with a financial advisor or doing thorough research before making any investment decisions.
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