How can I apply the iron condor strategy in the cryptocurrency market?

1 answers

• alireza konarizadeMar 11, 2023 · 2 years ago
  Applying the iron condor strategy in the cryptocurrency market can be a profitable approach. Here's how you can do it: 1. Identify a cryptocurrency that has been trading within a specific price range for a while. 2. Sell a call option with a higher strike price and buy a call option with a lower strike price. 3. Sell a put option with a lower strike price and buy a put option with a higher strike price. 4. Make sure the strike prices of the options are outside the expected price range of the cryptocurrency. 5. Monitor the market and adjust your positions accordingly. 6. Close the position when the cryptocurrency price moves outside the expected range. Remember, always do your own research and consider the risks involved before implementing any trading strategy.
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