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

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

noshitcoins BE PART OF THIS AMAZING AND EXTRAORDINARY ADVENTURE... XMetaverse_ is new Defigame that can exceed your expectations... The first blockchain play-to-earn galaxy 3D game... XmetaArmy

noshitcoins XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

noshitcoins 💎MetaloopTech💎✅Fullydoxed team and techrate audited.✅Listed on CG,CMC and Pancakeswap.✅NFTs and P2E games are coming sMLT MetaLooptech mlt MetaLoop NFTS🟢HandDrawn NFTs 1000NFTs Revealing designs everyday Join our discord //t.co/D6KhhN32WE

noshitcoins $CLO 🔥🚀🚀

noshitcoins Ainu Token is soon listed on DigiFinex

noshitcoins 🚨🚨 ⏰⏰⏰ 🔔🔔🔔You can now trade $RUBY on BitrueOfficial! Trade NOW 👇 bsc Binance100x

noshitcoins You dig

noshitcoins Felix FlxToken will rocket to the Mars 🚀🚀🚀

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines