Many are expecting a correction in BCOUSD after impulse 5 waves.
One way of playing Long is to place Limit Buy orders at the potential entry points.
Selling January Put options with strikes 44 and 46 could be a viable alternative.
It makes sense to set the amounts of each option as 50% of total position.
What if correction won't happen or strike levels won't be reached (options excercised out of the money) ?
Then we are left with premiums for the sold options. Some 1.35% and 2.15% of the strike prices respectively.
One way of playing Long is to place Limit Buy orders at the potential entry points.
Selling January Put options with strikes 44 and 46 could be a viable alternative.
It makes sense to set the amounts of each option as 50% of total position.
What if correction won't happen or strike levels won't be reached (options excercised out of the money) ?
Then we are left with premiums for the sold options. Some 1.35% and 2.15% of the strike prices respectively.