How Does One Choose a Strike Price for a Crypto Option?

Choosing a strike price depends on your trading strategy, risk tolerance, and market outlook. If you are bullish on a cryptocurrency, you might choose a strike price that is slightly out-of-the-money, as this will give you the potential for a higher return if the price of the cryptocurrency rises.

If you are bearish, you might choose a strike price that is in-the-money, as this will give you some protection if the price of the cryptocurrency falls. Ultimately, the best strike price for you will depend on your individual circumstances.