Let's talk about traders who make a living from trading. Why must they understand options?
To make a living from trading and support a family through it, one must have a stable cash flow income.
You can rely on risk-free arbitrage, you can rely on savings interest, or you can rely on options premium income. In short, to truly navigate through bull and bear markets, you need to have money coming in during sideways markets.
Any trader who fantasizes about making money through daily trading is just dreaming.
Real traders who support a family will inevitably experience a steady flow of income; it won't be about gambling for high returns.
Especially for crypto traders, holding major coins in spot trading is mainstream. How to use spot trading to generate cash flow and not miss out on rising profits requires a combination of options and spot trading.
The most common strategies include covered calls, shorting volatility, ratio spreads, diagonal spreads, and so on.
I will continue to share insights, and everyone can exchange ideas, slowly growing wealth together.