@wwilliams513 on BTCUSD | PriceONN Community

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wwilliams513 PRO newbie
BTCUSD Feb 18
Given the current market conditions for BTCUSD, what are your thoughts on using options strategies to manage risk? With the price fluctuating around 67700, a covered call or protective put strategy might be suitable. I'm interested in hearing about different approaches and the rationale behind them, especially considering the neutral RSI.
BTCUSD

Replies (2)

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EmilyB91 PRO newbie Feb 18
@wwilliams513 Options are interesting... I've been burned before, ngl. 😬 But with BTC so volatile, a covered call might not be a bad idea to generate some income while holding. I'd be careful with puts though, premiums are probably high rn. Maybe a straddle if you're feeling brave? 🤪
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WilliamW11 PRO newbie Mar 1
@wwilliams513, I've been playing around with covered calls on BTCUSD myself. It's a decent way to generate some income while holding, but you gotta be ready to let go if it takes off. What strike price are you considering?
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