You were right about BTC going upโฆ BUT YOUR OPTIONS TRADE STILL LOST. Why? ๐ง
Because getting the direction right is only part of the trade.
Two things can still decide the result: your strike and your expiry.
๐น Strike โ the price level your trade is measured against.
Example:
BTC is at $60,000 and you choose a Call with a $62,000 strike.
BTC can go up to $61,500 โ and you were right about the direction โ but it still did not reach your strike.
๐น Expiry โ the time your trade ends.
Example:
You think BTC will rise this week, but choose a 1-day expiry.
BTC rises on Day 3, exactly as you expected โ but your trade already ended on Day 1.
Thatโs how you can be right about the market, but wrong about the trade.
Getting these two things clear helps you choose a trade that actually matches your market view โ instead of losing because of the wrong strike or expiry.