I am looking for advice on my trade, want to see if anyone can talk me out of it.
I am buying puts and calls on btc and eth, this is becasue I think volatility is not going to stay this low, and the options are the cheapest they've ever been.
Basically I will make money if crypto goes up or down a medium amount, although I am skewed towards up. need 15% down or 10% up. Less the quicker it happens.
Easy right? except for time decay to keep this position open I am losing money each day that nothing happens.
I have put 10% of my trading money into this play. They expiry in December so I have time. and then I may put the trade on again until june next year.
So what do people think of the trade? is 10% too much to invest? and any other thoughts.
And if anyone is interested in trading on deribit here is an affiliate link
And while I'm at it here are some for other sites