Accredited by whom? If I wanted to test a $20 straddle right now, what are the call and put options I set?
Discussion
I thiiiiink, lol, its a misleading name. There's no body giving the accreditation. But a brokerage would be breaking the law if they let you do it without accredited status, which is basically "be rich."
This is part of why I want stocks to become Cryptos and trade on Liquid. Everything can be automated and the rules can become unenforceable. Crypto degens can probably already do it, but I hate shitcoins and won't touch them until they make their transformation into corporate equities, which is obviously inevitable.
Accredited status = be rich. So if you’re poor, you’re not accredited.
Yep
😄
I was wrong. You don't have to be accredited. So just read about straddles on investopedia and get a brokerage account.
Oh yeah I think I remember you saying you actively trade... Straddle is made for you. I'd say volatility is easier to bet on than market rationality.
I think what I’ve been doing is basically a straddle but without the options and the premiums (sorta). It started as a test because I was bored during covid, it’s still valid and running. Call it a “poor man’s straddle”.
It makes 2 big assumptions: btc is not going to zero and there be volatility.