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What are the advantages of holding options overnight in the cryptocurrency market?

avatarAlhaji Bunu MohammedNov 27, 2021 · 3 years ago3 answers

What are the benefits of keeping cryptocurrency options overnight instead of selling them?

What are the advantages of holding options overnight in the cryptocurrency market?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Holding cryptocurrency options overnight can provide the opportunity for higher profits as the market can experience significant price movements during this time. It allows traders to take advantage of potential price increases and maximize their returns on investment.
  • avatarNov 27, 2021 · 3 years ago
    By holding options overnight, traders can also benefit from the potential for price gaps or jumps that may occur when the market opens. This can result in quick profits if the price moves in the desired direction.
  • avatarNov 27, 2021 · 3 years ago
    According to BYDFi, holding options overnight can be advantageous as it allows traders to avoid short-term market fluctuations and noise. This strategy can provide a more stable and long-term perspective on the market, enabling traders to make informed decisions based on a broader view of the cryptocurrency's performance.