With bitcoin Beginning the seasonal optimistic October on a solid note, increasing to record tops greater than $ 126,000, traders who missed the early rally could feel the desire to penetrate.
If the Fomo of this LatecoMer, or the fear of missing, has struck, here are some BTC Haussiers options favored by analysts who could argue to consider overcoming the intelligently wave.
Call Spreads
Markus Thielen, founder of 10x Research, prefers to buy calls or calls or calls for higher strikes (OTM).
“The purchase of calls or calls out of money (OTM) from 1 to 2 months (OTM) (for example, $ 130,000 / 145,000) allows traders to participate in an additional advantage without paying too much for implicit volatility,” Thielen told customers on Monday.
A purchase option gives the buyer the right, but not the obligation, to buy the underlying assets at a predetermined price at the latest at a later date. A call buyer is implicitly optimistic on the market.
A bull call propagation is an option strategy where you buy a lower exercise price option and simultaneously sell another higher call price, both with the same expiration date, similar to the broadcast of $ 130,000 / $ 140,000 suggested by Thielen.
The sale of the higher strike limits your potential benefit, but also reduces the initial cost of seizure of trade. More importantly, this strategy limits your maximum loss to the net bonus paid on spread in the event that the market falls unexpectedly, which makes it an ideal game for traders seeking to balance potential gains with a limited risk.
While BTC should come together in the end of the year, the probability of a sudden correction, triggered by profits, cannot be excluded.
Interestingly, traders reserve call spreats via block trade, told Coindesk, the head of business development in deribit Asia, Lin Chen.
The flows are dominated by large blocks of call spreats, either for a very long time (September 2026), or very short term, probably monthly, “said Chen.” On the other hand, obviously, we also see a lot of benefits. “”
Financing calls propagate with puts
According to Greg Magadini, director of derivatives (sellers) by minimizing the initial cost is to finance the spreats of bull calls by writing (selling) a lower strike from the OTM shot.
“Selling the Put OTM and using the product to buy several call spreats, instead of a pure and simple OTM call, can help minimize spending on the term structure, always capture,” said Magadini.
However, it is essential to understand the risks associated with this strategy. The sale of put options forces you to buy BTC at the Put exercise price if the market falls below this level, which exposes you to a potentially significant risk of drop if the BTC price drops sharply.
While the propagation of the Taurus call limits the losses on the side of the call to the paid net bonus, the exposed legs introduced an additional drop exposure which can be much greater than the initial credit received.
In general, BTC calls, especially those with longer durations, are cheaper compared to put options, according to Magadini.
Finally, for those looking for a long -term exhibition, BTC purchase and hold have always been the most enriching strategy. Since 2011, the BTC price has soared from $ 1 to more than $ 120,000.
