What are the requirements to sell a covered call on a digital asset marketplace?

3 answers

• Nov 25, 2021 · 3 years ago
  To sell a covered call on a digital asset marketplace, you typically need to meet certain criteria. Firstly, you need to have an account on the marketplace and ensure that it supports options trading. Secondly, you must have the digital assets you wish to sell the covered call on in your account balance. Additionally, some marketplaces may require you to meet certain trading volume or account balance thresholds to be eligible for options trading. It's important to carefully read and understand the marketplace's terms and conditions before proceeding with selling a covered call.
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• Nov 25, 2021 · 3 years ago
  Selling a covered call on a digital asset marketplace usually involves a few steps. First, you need to log in to your account on the marketplace and navigate to the options trading section. Then, you select the digital asset you want to sell the covered call on and specify the strike price and expiration date. After that, you enter the quantity of options contracts you want to sell and review the order details. Finally, you confirm the order and wait for it to be executed. Keep in mind that the specific steps may vary depending on the marketplace you are using, so it's always a good idea to familiarize yourself with the platform's user interface and trading process.
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• Nov 25, 2021 · 3 years ago
  At BYDFi, one of the digital asset marketplaces, the requirements to sell a covered call are straightforward. You need to have an active account on BYDFi and ensure that you have the digital assets you want to sell the covered call on in your account balance. BYDFi supports options trading, so you can easily navigate to the options section and follow the intuitive process to sell a covered call. Make sure to review the terms and conditions and understand the risks associated with options trading before proceeding. Happy trading!
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