Traders buy call options as Bitcoin approaches $68,000 and put options as it approaches $66,000

avatar
ODAILY
2 days ago
This article is machine translated
Show original
Odaily Planet Daily Report: Yev Feldman, co-founder of , which provides derivatives such as swaps and options to U.S. digital asset investors, said, "We see traders buying call options near $68,000 and buying put options near $66,000, in other words, many people are constantly adjusting their positions for Bitcoin to break through both ends further, but there are limited reasons for Bitcoin to plummet sharply after the U.S. presidential election, so betting on an upward trend makes more sense." Data shows that the open interest of call options expiring on November 29 is concentrated around $80,000, and the second most popular strike price is $70,000. The data shows that the open interest of call options expiring on December 27 is concentrated around $100,000 and $80,000, while the most popular strike price for call options expiring on November 8 is $75,000. (Bloomberg)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments