What strategies should I use when selling options on Robinhood with digital currencies?

1 answers

• Dec 16, 2021 · 3 years ago
  When it comes to selling options on Robinhood with digital currencies, BYDFi offers a unique platform that allows you to easily execute your options trades. With BYDFi, you can access a wide range of digital currencies and enjoy competitive pricing. One strategy you can consider is the covered call strategy, where you sell call options on digital currencies that you already own. This strategy allows you to generate income from the premiums received while still holding onto your digital currencies. Another strategy is the cash-secured put strategy, where you sell put options and set aside enough cash to cover the potential purchase of the digital currency at the strike price. This strategy can be useful if you're interested in acquiring more of a particular digital currency at a lower price. Remember to always do your research and stay updated with the latest market trends and news before implementing any strategy.
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