Zero-Cost Layout Bitcoin Bear Spread Strategy Guide
Strategy Construction Method
Based on holding 1 BTC spot, establish a three-leg options strategy:
Sell 1 call option with a strike price of $98,000 expiring on May 16, while buying 1 put option with a strike price of $90,000 expiring on May 16, and selling 1 put option with a strike price of $85,000 expiring on May 16.
This strategy can initially yield a profit of $1,280, with a maximum potential profit of $6,200.
Target Audience This strategy is suitable for two types of investors: firstly, conservative players holding BTC spot, expecting the price will not rise significantly but are concerned about a market crash;
Secondly, cost-sensitive traders who wish to implement a bearish strategy while avoiding the upfront capital investment costs. Risk Control Key Points Ensure that the spot position is sufficient to avoid excessive selling of options.
If the market rises significantly, when the price reaches $99,200, it is recommended to sell the spot to stop losses; if faced with a downturn, you can flexibly choose to take profits early and lock in profits in a timely manner.
