GreeksLive: Covered Call and Naked Put Options Have Similar Risk-Reward Characteristics

According to Wu, as reported by GreeksLive, the overall sentiment in the cryptocurrency market remains cautiously optimistic, with a focus on how to manage positions amid potential volatility. The key pivot point is at 104, with support levels at 98-99 and resistance at 108. In terms of options strategies, covered calls and naked put options exhibit similar risk-return characteristics. It is also recommended to use tail options for risk protection, avoiding reliance on perpetual contracts for directional trading.