A mere 13% Bitcoin price pump is needed for this end-of-the-year options strategy to yield a massive profit. noshitcoins explains how this clever options strategy lets traders go long with less downside risk.
) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days.confirmation of BlockFi's demise on Nov. 28
Unfortunately, there is no way to know when investors' sentiment will improve and trigger a new bull run. Despite this, for traders who believe BTC will reach $20,000 by Dec. 30, there is a low-risk options strategy that could yield a decent return with limited risk.pays off during bull markets, but the issue lies in dealing with liquidations when BTC price goes down. This is why pro traders use options strategies to maximize their gains and limit their losses.
The Iron Condor consists of selling the call and put options at the same expiry price and date. The above example has been set using the Dec. 30 contracts, but it can be adapted for other timeframes.
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