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
My favorite site for trading is Bitmex, as the future contracts allow for lots of arbitrage opportunities and the leverage lets me leave most of my stash safe in cold storage. If you don't already use it and would like to sign up, here is a referral link that will get you 10% off fees and rewards me with 10% of the fees you pay, we both win.
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.
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.
If that sounds good please consider up voting, following or resteeming. If you are feeling particularly wild you could do all 3.
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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