How can I make a living by selling option premium in the world of digital currencies?

1 answers

• C.MelMay 27, 2024 · 2 years ago
  Selling option premium in the world of digital currencies can be a profitable way to make a living. One strategy you can consider is writing covered calls, where you sell call options on digital currencies that you already own. This allows you to collect the premium from the options without having to sell your digital currencies. Another strategy is selling cash-secured puts, where you sell put options and collect the premium while being willing to buy the digital currencies at a predetermined price if the options are exercised. However, it's important to be aware of the risks involved, such as potential losses if the price of the digital currencies moves against your position. It's recommended to thoroughly research and understand options and the digital currency market before pursuing this as a full-time endeavor.
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