BTC $78,445.42 -0.91%
ETH $2,487.58 -0.14%
BNB $749.80 +1.40%
XRP $1.43 +2.72%
SOL $103.53 -0.37%
TRX $0.3389 +1.36%
DOGE $0.0896 -0.19%
ADA $0.2216 +1.20%
BCH $257.05 -1.29%
LINK $12.63 -0.84%
HYPE $84.44 -0.67%
AAVE $129.35 -1.85%
SUI $0.8117 -1.67%
XLM $0.1891 -0.47%
ZEC $1,161.45 +0.66%
BTC $78,445.42 -0.91%
ETH $2,487.58 -0.14%
BNB $749.80 +1.40%
XRP $1.43 +2.72%
SOL $103.53 -0.37%
TRX $0.3389 +1.36%
DOGE $0.0896 -0.19%
ADA $0.2216 +1.20%
BCH $257.05 -1.29%
LINK $12.63 -0.84%
HYPE $84.44 -0.67%
AAVE $129.35 -1.85%
SUI $0.8117 -1.67%
XLM $0.1891 -0.47%
ZEC $1,161.45 +0.66%

10x Research: It is recommended to hold spot Bitcoin and sell out-of-the-money call and put options linked to Bitcoin

2024-05-20 15:09:06

ChainCatcher news, according to CoinDesk, 10x Research recommends selling out-of-the-money (OTM) call and put options related to Bitcoin while holding Bitcoin in the spot market.

10x Research stated: "In addition to spot market holdings, BTC investors looking for additional income should consider implementing a 'covered strangle' options strategy. Our preferred strategy is to buy Bitcoin spot, sell call options with a strike price of $100,000, and sell put options with a strike price of $50,000 expiring in December 2024. The yield from selling call options is 11%, and the yield from selling put options is 6%. Therefore, this strategy provides us with a 17% downside buffer or 17% additional yield, depending on the December BTC closing price, and we will capture all the upside (or downside) value of Bitcoin."

app_icon
ChainCatcher Building the Web3 world with innovations.