OTCbid - Here’s how pro traders use Bitcoin options to profit even during a sideways market
" BTC price might be consolidating or even reaching a short-term top, but that doesn’t stop pro traders from using options to generate profits.
Bitcoin (BTC) price swings might be impossible to predict, but there is a strategy frequently used by pro traders that yields high returns with minimal cost.
Typically, retail traders rely on leveraged futures positions which are highly susceptible to forced liquidations. However, trading Bitcoin options provide excellent opportunities for investors aiming to maximize gains while limiting their losses.
Using multiple call (buy) options can create a strategy capable of returns six times higher than the potential loss. Moreover, these can be used in bullish and bearish circumstances, depending on the investors' expectations.
The regulatory uncertainty surrounding cryptocurrencies has long been a significant setback for investors and this is another reasons why neutral market strategies have drawn traders' attention since Bitcoin's rally stagnated near $47,000 on March 30.
How to profit in a sideways market
The long butterfly strategy allows a trader to profit even if Bitcoin's price remains flat. However, it's important to remember that options have a set expiry date. This means the desired price outcome must happen during a specified period.
The Bitcoin options were set for the April 29 expiry, but this strategy can also be used on Ether (ETH) options or a different time frame. At the time of writing, Bitcoin was trading at $47,370 and although the costs will vary, their general efficiency should not be affected." - Read Full Article
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Buyer Mandates Only
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Buyer is buying 20K-200K BTC with R&E @ -8% gross, -4% net
First tranche = 2000-5000 BTC
Subsequent tranches = 10000 BTC
Buyer = 4%
Sellerside = 2%
Buyerside = 2% (closed)
POF - Buyer provides updated POF or IBAN number within 24h banking of issuance. Provide CIS and Buyer info and Capability of buyer.
POC - Satoshi test during zoom conference. The Satoshi test is done from seller's wallet to buyer's wallet. Seller must show the wallet via zoom. The contract must specify which wallet the test will come from, and show this wallet test.
After the Satoshi test, buyer and seller to sign SPA contract.
Buyer will buy through a bank with guarantees.
TBA - Procedure to be established and agreed by both parties
Interested parties should contact :