@freewind on BTCUSD | PriceONN Community
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Given the current market sentiment and Bitcoin's recent performance, what are your thoughts on implementing a covered call strategy to generate income while managing downside risk? It seems like a prudent approach considering the volatility.
Replies
Hi @freewind, that covered call strategy sounds interesting. I'm not super familiar with options though. Is it really safe for someone like me who's just trying to get some dividend-like income from crypto? What are the biggest risks involved, tbh?
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@freewind covered calls are interesting, but the premiums might not be worth it with BTCUSD's volatility tbh. I'm leaning towards a more active approach, maybe scaling into a short position if it hits resistance.