The bullish sentiment in the IBIT options is consistent with the noticeable activity in the $200,000 bitcoin call trading on Deribit.

<div><div><div><ul><li><div>The $100 IBIT call option saw a significant volume on Day One, signaling expectations that prices could double to $100 in the coming months.</div></li><li><div>The bullish sentiment is consistent with the noticeable activity in the $200,000 bitcoin call trading on Deribit.</div></li></ul></div></div><div><div><div></div><div></div><div></div></div></div><div><div><p>Options tied to BlackRock's spot bitcoin <a href="https://coindesk.com/price/bitcoin/" title="Bitcoin Price | BTC Price Index and Live Chart - CoinDesk" rel="nofollow">(BTC)</a> exchange-traded fund (ETF) <a href="https://www.coindesk.com/markets/2024/11/20/bitcoin-etf-options-attract-2b-on-day-one-shifting-btcs-market-structure/" rel="nofollow">debuted with a bang</a> on Tuesday, registering a staggering first-day trading volume of $1.9 billion.</p></div></div></div><div><div><div></div></div></div><div><div><div><p>Most activity was concentrated in call options, representing a bullish bias, with some traders betting on doubling the ETF price to at least $100. The Nasdaq-listed ETF closed Tuesday at $52.70.</p></div></div><div><div><p>The $100 strike call option saw a trading volume of over 32,000 contracts, according to data tracked by analytics firm ConvexValue. Most of the value happened in the Dec. 12 expiry, which was also the most popular settlement overall, accounting for 40% of the total trading volume of 354,000 contracts.</p></div></div><div><div><p>"It’s pretty interesting to see 'professionals' degen into $100 strikes (this effectively means a doubling of BTC prices given IBIT trades near $50)," Samneet Chepal, crypto quant researcher, <a href="https://x.com/samchepal/status/1859104499404820526" rel="nofollow">Samneet Chepal, said on X</a>.</p></div></div><div><div><figure><picture><source></source><source></source><source></source><source></source><source></source><source></source><img src="https://www.coindesk.com/resizer/tr0AkDUV0f4wIo96Y7MvL71J3X4=/560x261/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/52GQG3R4SVCVTKW4JFVZSPEIIY.jpeg" alt="The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal)"></picture><figcaption><span>The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal) (Samneet Chepal)</span></figcaption></figure></div></div><div><div><p>The notable uptake for the $100 IBIT call is consistent with activity on offshore crypto options exchange <a href="https://www.deribit.com/statistics/BTC/metrics/options" rel="nofollow">Deribit</a>, where $381 million in notional open interest is locked in the $200,000 strike bitcoin call. Assuming those buyers are investors and not market makers, it's safe to say that they are bracing up for the doubling of the spot price.</p></div></div></div><div><div><div></div></div></div><div><div><div><p>Note that Tuesday's most traded IBIT option was the call at the $55 strike, and the overall volume of call options was four times higher than that of put options.</p></div></div><div><div><p>A call option gives the holder the right but not the obligation to purchase the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market, looking to profit from or protect the short spot/futures market position from an expected price surge in the underlying asset.</p></div></div><div><div><p>According to Deribit, the stateside demand for calls and the resulting "trend trading" by market makers to hedge their books could set the stage for a gamma squeeze higher in BTC's price.</p></div></div></div><div><div><div></div></div></div><div><div><div><p>"U.S. institutions and retail who can't trade on Deribit, the largest crypto options market, will now be able to enter the space and create more open interest around certain price levels, which can further trigger volatility and gamma squeezes in addition to Deribit," Luuk Strijers, Deribit's chief executive officer said in an email, <a href="https://www.coindesk.com/markets/2024/09/23/blackrock-bitcoin-etf-options-to-set-stage-for-gamestop-like-gamma-squeeze-rally-bitwise-predicts/" rel="nofollow">echoing opinion of other analysts</a>.</p></div></div><div><p>Edited by Parikshit Mishra.</p></div></div>

Pro Crypto Traders Are Leveraging IBIT Options to Bet on BlackRock’s Bitcoin ETF Doubling to $100: Observers

在<IBIT>期權中的看多情緒與<Deribit>上2萬美元<比特幣>看漲期權交易活躍度一致。

<div><div><div><ul><li><div>100美元IBIT看漲期權在第一天出現了顯著的交易量,這表明價格可能在未來幾個月內翻倍至100美元。</div></li><li><div>看漲情緒與Deribit上200,000美元比特幣看漲期權的顯著交易活動一致。</div></li></ul></div></div><div><div><div></div><div></div><div></div></div></div><div><div><p>與BlackRock的比特幣<a href="https://coindesk.com/price/bitcoin/" title="Bitcoin Price | BTC Price Index and Live Chart - CoinDesk" rel="nofollow">(BTC)</a>交易所交易基金(ETF)相關的期權<a href="https://www.coindesk.com/markets/2024/11/20/bitcoin-etf-options-attract-2b-on-day-one-shifting-btcs-market-structure/" rel="nofollow">在週二首次亮相</a>,首日交易量達到驚人的19億美元。</p></div></div></div><div><div><div></div></div></div><div><div><div><p>大部分交易集中在看漲期權上,反映了看漲偏好,一些交易者押注ETF價格將翻倍至至少100美元。這隻在納斯達克上市的ETF週二收於52.70美元。</p></div></div><div><div><p>100美元行權價的看漲期權交易量超過32,000份合約,根據分析公司ConvexValue跟蹤的資料。大部分交易發生在12月12日到期的合約上,這也是整體最受歡迎的交割期,佔總交易量354,000份合約的40%。</p></div></div><div><div><p>"看到'專業人士'押注100美元的行權價(這實際上意味著BTC價格將翻倍,因為IBIT交易接近50美元)還挺有趣的,"加密量化研究員Samneet Chepal在X上<a href="https://x.com/samchepal/status/1859104499404820526" rel="nofollow">表示</a>。</p></div></div><div><div><figure><picture><source></source><source></source><source></source><source></source><source></source><source></source><img src="https://www.coindesk.com/resizer/tr0AkDUV0f4wIo96Y7MvL71J3X4=/560x261/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/52GQG3R4SVCVTKW4JFVZSPEIIY.jpeg" alt="The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal)"></picture><figcaption><span>The noticeable activity in the $100 call indicates expectations for the ETF price to double in the months ahead. (Samneet Chepal) (Samneet Chepal)</span></figcaption></figure></div></div><div><div><p>對100美元IBIT看漲期權的顯著認購與在離岸加密期權交易所<a href="https://www.deribit.com/statistics/BTC/metrics/options" rel="nofollow">Deribit</a>上200,000美元比特幣看漲期權的3.81億美元名義未平倉合約一致。假設這些買家是投資者而非做市商,那麼可以安全地說他們正在為現貨價格翻倍做準備。</p></div></div></div><div><div><div></div></div></div><div><div><div><p>需要注意的是,週二最活躍的IBIT期權是55美元行權價的看漲期權,而看漲期權的總交易量是看跌期權的四倍。</p></div></div><div><div><p>看漲期權賦予持有人在特定日期或之前以預定價格購買相關資產的權利,但不是義務。看漲期權買家隱含看漲市場,希望從預期的相關資產價格上漲中獲利或保護其做空現貨/期貨頭寸。</p></div></div><div><div><p>根據Deribit的說法,美國對看漲期權的需求以及市場做市商為對沖頭寸而進行的"趨勢交易"可能會為BTC價格的伽馬擠壓創造條件。</p></div></div></div><div><div><div></div></div></div><div><div><div><p>"無法在Deribit(最大的加密期權市場)交易的美國機構和散戶現在將能進入這個領域,並圍繞某些價位創造更多未平倉合約,這可能進一步引發波動和伽馬擠壓,除了Deribit之外,"Deribit執行長Luuk Strijers在一封電子郵件中表示,<a href="https://www.coindesk.com/markets/2024/09/23/blackrock-bitcoin-etf-options-to-set-stage-for-gamestop-like-gamma-squeeze-rally-bitwise-predicts/" rel="nofollow">呼應了其他分析師的觀點</a>。</p></div></div><div><p>編輯:Parikshit Mishra。</p></div></div>

觀察人士：專業加密貨幣交易員正在利用 IBIT 期權押注貝萊德的比特幣 ETF 價格翻倍至 100 美元

讓我們快速回顧一下導致這些上市的一些事件。

比特幣 ETF 期權標誌著資產類別的新篇章

貝萊德的比特幣現貨ETF期權交易現已在納斯達克上市。這是否會吸引更多的交易量,並推動比特幣價格進一步上漲?<CoinDesk>的<CHR>討論了這可能意味著什麼。

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貝萊德 IBIT 期權在納斯達克上市

Techub News 消息，彭博 ETF 分析師 James Seyffart 發推稱，貝萊德比特幣現貨 ETF IBIT 首日期權交易額接近 19 億美元，共有 35.4 萬份合約交易，其中 28.9 萬份為看漲期權（佔比 82%），6.5 萬份為看跌期權（佔比 18%）。