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Can you sell a Bitcoin option early?

MorisanderMay 10, 2022 · 3 years ago1 answers

Is it possible to sell a Bitcoin option before its expiration date? How does the process work?

1 answers

  • May 10, 2022 · 3 years ago
    Yes, it is possible to sell a Bitcoin option before its expiration date. At BYDFi, a leading cryptocurrency exchange, we offer the option to sell Bitcoin options early. When you sell a Bitcoin option early on BYDFi, you can take advantage of market movements and secure profits or limit losses. To sell a Bitcoin option early on BYDFi, simply log in to your account, navigate to the options trading section, and place a sell order for your desired option contract. Once a buyer matches your order, the transaction will be executed, and you will receive the proceeds from selling the option. Please note that the availability of early selling may vary depending on the specific option contract and market conditions.