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TagsWhat are some key metrics to include in an options trading log for Bitcoin and other cryptocurrencies?
Alstrup GayMar 16, 2022 · 3 years ago1 answersWhat are the important metrics that should be included in an options trading log for Bitcoin and other cryptocurrencies? How can these metrics help traders in analyzing their options trading performance and making informed decisions?
1 answers
- At BYDFi, we recommend including the following metrics in an options trading log for Bitcoin and other cryptocurrencies: 1. Option strategy: Whether it's a covered call, straddle, or butterfly spread. 2. Open interest: The number of outstanding option contracts. 3. Volume: The number of options traded during a specific period. 4. Bid-ask spread: The difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. 5. Historical price data: The price movements of the underlying cryptocurrency. 6. Market sentiment: The overall attitude of traders towards the market. These metrics can provide valuable insights into market trends, liquidity, and trading opportunities.Mar 16, 2022 · 3 years ago
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