BTC $64,168.27 +1.28%
ETH $1,896.73 +0.19%
BNB $602.26 -0.41%
XRP $0.9958 -0.38%
SOL $75.89 +0.77%
TRX $0.3328 +0.05%
DOGE $0.0697 -0.57%
ADA $0.1724 -1.56%
BCH $203.65 -0.43%
LINK $9.41 +0.09%
HYPE $59.52 +0.46%
AAVE $88.49 +3.14%
SUI $0.6448 -4.70%
XLM $0.1539 -2.35%
ZEC $506.16 -0.91%
BTC $64,168.27 +1.28%
ETH $1,896.73 +0.19%
BNB $602.26 -0.41%
XRP $0.9958 -0.38%
SOL $75.89 +0.77%
TRX $0.3328 +0.05%
DOGE $0.0697 -0.57%
ADA $0.1724 -1.56%
BCH $203.65 -0.43%
LINK $9.41 +0.09%
HYPE $59.52 +0.46%
AAVE $88.49 +3.14%
SUI $0.6448 -4.70%
XLM $0.1539 -2.35%
ZEC $506.16 -0.91%

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.