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Which cryptocurrencies are suitable for implementing a sell put credit spread strategy?

PHEONIX INFINITUSJan 21, 2022 · 3 years ago1 answers

I am interested in implementing a sell put credit spread strategy using cryptocurrencies. Can you recommend which cryptocurrencies are suitable for this strategy? I would like to know which cryptocurrencies have a liquid options market and are commonly used for credit spread strategies. Additionally, it would be helpful to understand any specific factors or considerations to keep in mind when implementing this strategy with cryptocurrencies.

Cryptocurrencies
Sell Put Credit Spread Strategy
Options Market

1 answers

  • Junior VasconcellosAug 11, 2022 · 3 years ago
    At BYDFi, we recommend considering Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) for implementing a sell put credit spread strategy. These cryptocurrencies have a well-established options market and are commonly used for credit spread strategies. However, it's important to note that the success of this strategy depends on various factors, including market conditions and individual risk tolerance. It's always advisable to conduct thorough research and consult with a financial advisor before implementing any trading strategy, including a sell put credit spread strategy with cryptocurrencies. Remember to carefully consider your investment goals and risk appetite before making any trading decisions.

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