1. Core strategies and operations
Selling a short strangle
Operation: Sell out-of-the-money call options (such as BTC strike price +20%) and out-of-the-money put options (strike price -20%) at the same time.
Logic: Betting on price fluctuations within a range, IV declines and premiums depreciate.
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Coin circle optimization:
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Choose a strike price with high liquidity (such as the 10%-20% out-of-the-money position of Deribit quarterly contracts).
Avoid "black swan high-incidence period" (such as before the exchange crash, hard fork window).