What are the best options strategies for small cryptocurrency accounts?

3 answers

• Dec 19, 2021 · 3 years ago
  One of the best options strategies for small cryptocurrency accounts is the covered call strategy. This strategy involves selling call options on cryptocurrencies that you already own. By doing so, you can generate income from the premiums received while still holding onto your cryptocurrencies. It's a great way to enhance your returns and reduce the risk of holding onto volatile assets. However, make sure to carefully select the strike price and expiration date to ensure you're comfortable with potentially selling your cryptocurrencies at the agreed-upon price.
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• Dec 19, 2021 · 3 years ago
  Another effective options strategy for small cryptocurrency accounts is the cash-secured put strategy. This strategy involves selling put options on cryptocurrencies that you would like to buy at a lower price. By doing so, you can generate income from the premiums received while potentially acquiring the cryptocurrencies at a discounted price. It's a conservative strategy that allows you to enter the market at a lower cost basis while still earning income in the process.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a range of options strategies for small accounts. One of their recommended strategies is the long straddle. This strategy involves buying both a call option and a put option with the same strike price and expiration date. It allows traders to profit from significant price movements in either direction. However, keep in mind that options trading involves risks, and it's important to do thorough research and consider your risk tolerance before implementing any strategy.
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