CRYPTO OPTIONS TRADING 101

— What are Options
— Key Terms
— How Call Options Work
— How Put Options Work
— Why Trade Options
— Risks
— Getting Started

Alright let's dive in 🔽 — What Are Options? —

Options are contracts that give the holder the right, but not the obligation, to buy/sell an underlying asset at a specific price (strike price) on or before a specific date (expiration date)

There are two main types of options:

— Calls give the holder the right to buy the underlying asset (holder is BULLISH)

— Puts give the holder the right to sell the underlying asset (holder is BEARISH)

Imagine the smell

$BTC Imagine posting a chart like this while being long $BTC

You'd have to be 100% retarded right

Asking for a friend

Open Interest + Cumulative Volume Delta

Cheat Sheet Thread 🧵 — Definitions —

Open Interest (OI) = total number of open contracts

OI 🔼 = money is entering in the market

OI 🔽 = money is leaving the market

$BTC long, 3.4R

Honestly I like the setup but my conviction is pretty low, market just feels so heavy. Let's see what we get 🙏

#deltaexchange #bitcoin Dumped 250 pts right after I posted this lol, pnl cards on my charts are the ultimate local top signal 😅

#FF - educational content I've been enjoying recently 📝

@lotus_xbt - his pinned notes are pure alpha, read them and you will become a better trader
@TraderLeevis - honestly some of the best annotated charts on ct (google translate may be necessary for some posts) @JoS7821 | @4500px | @TradeTalk01 - went though the website material last month, made me wish I had a resource like that when I started out, A+ content
@mgvcapital - the market reports he provides for his students on discord are some of the best pieces of analysis in the space