Pulling out of stocks and buying insurance on crypto

2년 전

With the major indices up about 25% from the bottom I am happy to book the gain and sell here.

I will continue to sell puts at lower strikes that I am ready to be assigned at. It is also a great way to make some income.

With the crypto markets following the traditional markets more than usual, I have take the opportunity to by puts on deribit as insurance. Variance has fallen lately but they are still expensive. The 5% fall today have already made the expense worth it.

Safe trading everyone

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Similarly my favorite site for trading options is Deribit, Here is a referral link for that.

A few of the exchange sites I also use are binance, bittrex and hitbtc, I find them about as good as the other exchanges to be honest but these have referral links so I figure I'd shill for them.

binance link

hitbtc link

bittrex link

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If you like this post there will be more like it on my posts page, this account will be dedicated to posting about trading cryptocurrencies and maybe a bit of general stock markets.

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Disclaimer

Please do not invest on the advice of a stranger on the internet, only use this advice here as a starting point for your own research, and then if you choose to invest please only invest an amount that you can afford to lose.

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