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ETH $2,495.90 +0.60%
BNB $755.68 +2.16%
XRP $1.44 +2.91%
SOL $104.19 +0.32%
TRX $0.3396 +1.70%
DOGE $0.0906 +0.67%
ADA $0.2263 +2.54%
BCH $258.87 -2.85%
LINK $12.75 -1.29%
HYPE $84.25 -1.30%
AAVE $130.35 -1.20%
SUI $0.8288 +1.93%
XLM $0.1915 -0.29%
ZEC $1,193.69 +2.94%

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."

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