Data: BlackRock Bitcoin spot ETF options were first traded on Tuesday, with a call/put ratio of 4.44, indicating that investors are generally bullish

Odaily Planet Daily Report: According to SoSoValue data, the total trading volume of all option contracts for coin spot ETF (IBIT) by BlackRock reached 354,000 contracts on Tuesday, with a notional trading amount of $1.86 billion. As the first day of listing, it shows extremely high market enthusiasm. Options also drove a 32% increase in IBIT's trading volume compared to the previous period. Among all the traded contracts, 288,700 were call options and 65,000 were put options, with a call/put ratio of 4.44, indicating a generally bullish market sentiment. The data shows that market trading is concentrated in the long call options expiring on January 17, 2024, with a price range of $55-60. Corresponding to Tuesday's IBIT closing price, this represents a 4.4%-13.9% increase. SoSoValue analysts stated that "this roughly corresponds to a coin price of $97,000-$105,000, indicating that the market expects coin to reach $100,000 before Trump's official inauguration." It is worth noting that the implied volatility of the January-expiring options is 68%-69%, which is higher than the 55% range of IBIT's 60-day historical volatility, indicating that investors prefer to hold options rather than sell them. In addition, the spot coin ETF GBTC by Grayscale and the options trading of will also begin their debut trading this Wednesday.