I once chose the cheapest option on the screen.
It expired three days later...
The direction was right. The trade still lost ⛔️
An expiry date is not a small detail. It decides how long your idea has to work and how quickly time value disappears.
Short-dated options cost less, but the clock moves fast. A small delay can hurt the position, even when $BTC later moves in the expected direction.
Longer-dated options give the trade more time. That extra time carries a higher premium.
Before choosing an expiry, ask:
• When could the move happen?
• How much time can pass before the thesis is wrong?
• How sensitive is the option to time decay?
• Is there enough liquidity to exit?
The cheapest contract is often cheap for a reason.
Choose the expiry that fits the trade idea, not the one that makes the entry price look attractive.
1July 20, 2026 228 1
