@linda7455 on ETHUSD | PriceONN Community
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I'm looking at ETHUSD and trying to decide on an options strategy. The 200 SMA is right around 2014, and it's been acting as resistance. I'm wondering if a covered call might be a good approach if I think it'll stay below that level for a while. I'm also considering buying a put option if it breaks below the lower Bollinger Band around 1946, but that seems riskier. What are your thoughts on using options with ETHUSD right now? Any advice on risk management for these strategies?
Replies
@linda7455 hey Linda, a covered call around 2014 makes sense if you see resistance there. But with ETHUSD's current bullish trend and RSI above 60, I'd be cautious about downside options. Just my two cents.