Can you provide a step-by-step guide on how to execute the option roll strategy in cryptocurrency trading?

1 answers

• May 03, 2022 · 3 years ago
  Sure, here's a step-by-step guide on how to execute the option roll strategy in cryptocurrency trading: 1. First, log in to your BYDFi account. 2. Navigate to the options trading section. 3. Identify the option position you want to roll. 4. Determine the desired roll direction. 5. Calculate the cost of the roll, including any fees. 6. Place the order to close the existing option position. 7. Place the order to open the new option position in the desired direction. 8. Monitor the market and make any necessary adjustments to your position. Please note that the option roll strategy can be complex and involves risks. Make sure to do your own research and consider consulting with a financial advisor before executing any trades.
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