#FreeAlpha Getting Paid for Setting Limit Orders
Yesterday, 15-May - $7500 Puts traded at $170.
Selling these puts = 2.3% (3.5 days from expiration) / 236% annualized
Yesterday, 15-May - $7500 Puts traded at $170.
Selling these puts = 2.3% (3.5 days from expiration) / 236% annualized
Selling a $7500 Put means you give someone else the right to sell you BTC at $7500.
If you plan to set a limit purchase order for $7,500 anyways, this is extra yield you can realize
If you plan to set a limit purchase order for $7,500 anyways, this is extra yield you can realize
These puts are pretty much worth nothing right now and can be sold to lock in the 2.3% gain over 3.5 days.
If you kept the premium in BTC, you get a bonus 12% from BTC appreciation
If you kept the premium in BTC, you get a bonus 12% from BTC appreciation
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