No capital investment!

Practical guide for Bitcoin bearish spread strategy. When you hold 1 BTC in spot, you can implement a bearish spread strategy through a three-leg options combination: sell 1 contract of a call option expiring on May 16, with a strike price of $98,000;

buy 1 contract of a put option expiring on the same day, with a strike price of $90,000;

then sell 1 contract of a put option with the same expiration date, with a strike price of $85,000.

This strategy can initially generate $1,280 in option premium income, with a maximum profit potential of $6,200. Applicable investment scenarios: this strategy is particularly suitable for two types of investors:

First, those holding BTC in spot, predicting that the price will not rise significantly, but are concerned about a market crash—conservative players;

Second, trading participants seeking to establish a bearish position without wanting to incur upfront costs.

Risk management key points: always maintain the corresponding spot during operations, and strictly prohibit excessive selling of options.

If the market rises significantly, when the price reaches $99,200, it is recommended to promptly sell the spot to stop losses; if faced with a price crash, you may choose to take early profits, securing the gains.