news

bitcoin

1 X bitcoin bitcoin =

Saturday

31 July 2021

Here’s one way to trade Bitcoin even as BTC price teeters over an abyss

Here’s one way to trade Bitcoin even as BTC price teeters over an abyss


smart summary beta

As a result of these factors, Bitcoin price has been stuck in a range for months and generally traders appear to be sitting on their hands until clarity on the entire situation clears up.

While traders are skilled at using perpetual futures contracts, most are unaware of additional instruments that can be used to maximize their gains.

For example, one can build an options strategy that maximizes gains even when there is not much price action.

The Iron Condor is a neutral strategy that consists of selling a $32,000 put to create positive exposure to Bitcoin while simultaneously selling a $34,000 call to reduce gains above that level.

Goto Full Article

bitcoin bitcoin price

$41663.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2021