Interesting play, seems similar to an iron condor in Options trading in the stock trading, only I assume you are just purchasing options not a spread. I think the trading strategy is sound, and the amount of time you have given yourself to be right is great, December is much farther out then the usual 35-45 days spread traders use. As the percentage is higher then my personal limit of 5% per trade, but that’s a personal choice.
Happy Trading,
@shortsegments
RE: Looking for advise on an options play, that will pay out if crypto goes up or down
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Looking for advise on an options play, that will pay out if crypto goes up or down
Thanks, I appreciate the feed back. I don't think I will do 10% next time, it's getting a bit nose bleed-y.
Mind I am a options seller at heart so, I am used to having a lot on the line, but at least that way I get paid to wait
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