What made the difference? 🧐
Bitcoin started July 2024 at around $62.7k. Within the first week, it fell to around $53.7k before recovering later in the month.
📆 If you chose a 7-day duration
Your trade would have expired while Bitcoin was still trading near its lows. You would have lost the premium you paid to open the trade.
📆 If you chose a 90-day duration
Your trade would have stayed open. When it expired, Bitcoin had recovered above your entry price, so your CALL option would have profited.
The takeaway
Options trades do not get liquidated before expiry. What matters is where the market is when your trade expires.
That's why choosing the right duration can be just as important as choosing the right direction.
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