Move Options. By Trading Move Options, you trade the Volatility of an underlying asset such as Bitcoin & Ethereum. When you're trading Bitcoin Move Option, you make profit based on the Volatility of Bitcoin.
Still confused? Don't worry. Let's understand Move Options.
Move Options are options that allow you to trade based on the movement of price of a certain cryptocurrency such as Bitcoin or Ethereum by risking only a small amount. The movement can be on either directions.
If you're a trader, the first thing you need to figure out is your bias - Bullish/Bearish. Then you move on to figure out your entry, stop-loss and target. Move Options remove bias out of equation and let's you make money as long as $BTC is moving in any direction.
Here, you need to decide if the premium you're paying is worth it.
What does it mean?
Let's say BTC is trading at $9000 from long time and now you feel that it will take big move, you're just not sure in which direction it will go. But you're confident that it will take big move. And you expect that market will stay volatile for some time.
In this case you can buy BTC Move Options.
When you buy MOVE Options and the underlying asset takes big move, you make money. For example, you buy BTC Move Options at $9000 with $100 premium and after that BTC surges to $9500, you've made profit of $400.
And what would happen if the price drops to $8500?
You still make $400 Profit. That's the magic of Move Contracts. You're Trading VOLATILITY not actual price. Sounds interesting right?
Now where can I trade Move Options?
Currently there are only two Exchanges that supports MOVE Options on their Platform, first is Delta and second is FTX. Both are very popular Exchanges but most of the times I use Delta cuz it supports ETH Move Options too and FTX doesn't. I sometimes use FTX too but very rarely.
I'm sharing here the guide to Move Options if anyone is interested to read Move Options
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