Thanks for explaining how options trading works.It might be useful for some newbie traders,but I already know how they work.The risk is less,but it's still there.If the bitcoin price collapses and the option expires,you lose the price paid for the option-$100.Not bad,but if you bought bitcoins directly,there's still a chance that bitcoin price might recover and you could get profit in the long term.
By the way,where are you trading bitcoin options?
Check out my Signature

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Sparrow Exchange. We have designed our UI in such a way, that even novice traders can understand and make a quick trade. You may need to register to be able to check the UI. If you just want a sneak peak, check out our medium channel. All the necessary links are in my signature. Cheers!
