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RE: Looking for advise on an options play, that will pay out if crypto goes up or down
Interesting play, seems similar to an iron condor in Options trading in the stock trading, only I assume you are just purchasing options not a spread. I think the trading strategy is sound, and the amount of time you have given yourself to be right is great, December is much farther out then the usual 35-45 days spread traders use. As the percentage is higher then my personal limit of 5% per trade, but that’s a personal choice.
Happy Trading,
@shortsegments
Thanks, I appreciate the feed back. I don't think I will do 10% next time, it's getting a bit nose bleed-y.
Mind I am a options seller at heart so, I am used to having a lot on the line, but at least that way I get paid to wait