Which cryptocurrencies are most suitable for implementing an option strangle strategy?
Mccarthy HandbergMay 03, 2022 · 3 years ago1 answers
I'm interested in implementing an option strangle strategy using cryptocurrencies. Which cryptocurrencies would be the most suitable for this strategy? I'm looking for cryptocurrencies that have high liquidity, options trading available, and a history of price volatility. Can you recommend any specific cryptocurrencies that meet these criteria?
1 answers
- May 03, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, offers a wide range of cryptocurrencies that are suitable for implementing an option strangle strategy. Some of the cryptocurrencies available on BYDFi include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies have high liquidity, active options trading markets, and a history of price volatility. BYDFi also provides advanced trading tools and resources to help traders implement their option strangle strategies effectively. However, it's important to remember that cryptocurrency trading involves risks, and it's essential to conduct thorough research and seek professional advice before making any investment decisions on BYDFi or any other exchange.
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