When you buy options, you're hoping that the market will move more than other people expect it to move. Every time you sell something, whether whether it's a put or a coll then your loss is unlimited. And every time you buy something, then your loss is limited to the premium you pay tret correct ithinkan interesting way of looking at things. You can be either a long ball or short vall - i think it's a good place to start to understand what kind of risk you're taking on when you do ith strategy.
Today, I’m sitting down with Su Zhu, my friend and co-host, and Josh, of Orthogonal Trading.
Josh is one of the biggest and most experienced options traders in crypto and joined us for a very interesting and wide-ranging conversation. Together, we touched on topics like
how options work
differences between options and futures
Different strategies for using them in crypto
as well as what Josh thinks about options trading platforms in Defi
Resources:
https://www.optiontradingtips.com/options101/payoff-diagrams.html
https://www.payoffcharts.com/
https://www.investopedia.com/trading/getting-to-know-the-greeks/
Orthogonal Trading https://twitter.com/OrthoTrading
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl
Our homepage and mailing list https://uncommoncore.co/podcast/