This Short Straddle Has No Downside Risk On Bitcoin Miner Marathon Digital

This Short Straddle Has No Downside Risk On Bitcoin Miner Marathon Digital

Volatility in Bitcoin has once again dried up as the world's largest cryptocurrency trades in a tight range of around $17,000. Bitcoin's option premiums have come down significantly but volatility remains elevated for highly correlated bitcoin miners. A short straddle is an options strategy where an investor takes no view of the up or down direction of shares on inception.