Trading Idea

The BNB Launchpool recently introduced TON, leading to a total value locked (TVL) of over 18 million BNB, with 1.62 million participants. This has contributed to a steady rise in BNB’s price, which is now approaching $535.

Bull Call Spread

A bull call spread is a bullish options strategy that involves buying a call option with a lower strike price and selling another call option with a higher strike price, both with the same expiration date. This strategy is typically used when the investor expects a moderate increase in the price of the underlying asset.

If you expect BNB to continue rising during the TON Launchpool period, you might consider using this strategy.

Trade Structure

Buy 10x BNB-30AUG24-550-C @ $15

Sell 10x BNB-30AUG24-585-C @ $6.75

Maximum Profit:$267.5

👉👉 Go to the Coincall Combe Trade page to place an order now:

https://www.coincall.com/combo

Disclaimer

This information is for reference only and does not constitute trading advice. Investors should conduct their own research before making any trading decisions.

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