Here’s how pro traders use Bitcoin options to profit even during a sideways market

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Bitcoin price might be rangebound, but noshitcoins says pro traders capitalize on sideways markets by using this neutral BTC options strategy.

) price swings might be impossible to predict, but there is a strategy frequently used by pro traders that yields high returns with minimal cost.

Using multiple call options can create a strategy capable of returns six times higher than the potential loss. Moreover, these can be used in bullish and bearish circumstances, depending on the investors' expectations. The Bitcoin options were set for the April 29 expiry, but this strategy can also be used on Ether options or a different time frame. At the time of writing, Bitcoin was trading at $47,370 and although the costs will vary, their general efficiency should not be affected.The suggested bullish strategy consists of buying 7.3 BTC call options with a $46,000 strike to benefit from a price increase. Meanwhile, selling 16 BTC call options at 50,000 creates a negative exposure above that level.

 

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