Bitcoin 'Call Writing' Back in Vogue as Cash And Carry Strategy Loses Shine

“One popular strategy among traders is to sell out-of-the-money call options at higher strike prices, like the $80,000 mark set for the end of May. These strikes are beyond the current high range and are less likely to be exercised, allowing traders to collect premiums while reducing their risk exposure,” Wintermute said in a note shared with CoinDesk.