Let’s look at the BTC market on OKEx on Dec 20, 2019:
Looking at the current market, which might continue to decline in the mid to long term, trading strategy for OKEx options simulation can be:
For those that are new to options, trading with the defaulted ATM (parity) options is a safer choice. The above screenshot shows the OKEx options trading page, where you can see whether this is a call or put option from the top red circle, and select whether to trade call or put options with the buttons below, making it easier for traders to place their first options. With the options simulation contest ongoing, traders can try out options trading without having to worry about actual assets losses.
If you’ve already traded options before, choosing the right execution price might be a tough decision. Let’s see:
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.