How can I use the short strangle strategy to profit from digital currencies?

1 answers

• Nov 24, 2021 · 3 years ago
  The short strangle strategy can be a useful tool for profiting from digital currencies. It allows you to generate income by selling call and put options on the same underlying asset. By doing so, you collect premium upfront and can potentially profit if the price of the digital currency remains within a certain range. However, it's important to note that this strategy also carries risks. If the price moves significantly outside of the range, you may face losses. It's crucial to monitor the market closely and adjust your positions accordingly. Additionally, it's recommended to have a solid understanding of options trading and risk management before implementing this strategy.
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