Bitcoin Options: How Do They Even Work? 💹

Did you know you can buy Puts or Calls on Bitcoin BTC? This could let you speculate with leverage or help you do advanced risk management techniques like protect your Bitcoin portfolio’s value during a bear market. You can do this both inside and outside of the US with platforms like LedgerX and Deribit. In this video I’ll break down what options are, how they work, why an investor might want to trade them, and then dive into Bitcoin specific options on LedgerX/Deribit. So you can get a better sense for how they work and why/how you should approach them in the Bitcoin space!

Timestamps:
0:00 Intro
1:36 What are Options? (Puts & Calls)
3:45 What affects the value of options?
4:51 In the Money vs Out of money (Intrinsic value)
6:21 How do they look on exchanges?
7:33 Why use options anyways?!
8:14 Bitcoin options intricacies
8:40 3 Options Strategies for Bitcoin investors
11:18 LedgerX and Deribit details
13:18 My final thoughts

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