“One popular strategy among traders is to sell out-of-the-money call options at higher strike prices, like the $80,000 mark set for the end of May. These strikes are beyond the current high range and are less likely to be exercised, allowing traders to collect premiums while reducing their risk exposure,” Wintermute said in a note shared with CoinDesk.
Related posts
-
Bitcoin (BTC) Price Drops Below $68K, Ether Slumps in Crypto Market Sell-Off as ETH ETF Decision Looms
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin Expected To Peak Soon? Analyst Forecasts Timeline, Here’s When
As the cryptocurrency market continues to witness heightened optimism and confidence from investors, Crypto Con, a... -
US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs
Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary...