A 21-year veteran trader breaks down an options trade designed to help investors ‘sustain risks long enough to see the light of profitability’ — and explains why bitcoin could continue to move in tandem with tech stocks…
Don Kaufman breaks down an options trade to sustain risks as volatility is expected to pick up. He also explains what’s behind bitcoin’s growing correlation with high-growth tech stocks.
Excerpt from the story:
Don Kaufman, a 21-year veteran trader who had spent over 15 years with TD Ameritrade’s thinkorswim trading platform, is seeing “a definitive change in the tone and feel of the market,” with all signs pointing to higher volatility ahead.
For those engaged in options trading, which has exploded in popularity over the past two years, that means learning how to mitigate risk through the use of spreads instead of simply buying call or put options, he explained.
Read the full story in Business Insider.
Want to become a better trader. Join TheoTrade.
