“Puts Trade Pricier than Calls Out to the May-End Expiry Reflection Conceerns of A Price Drop.”, – WRITE: www.coindesk.com
The SO-CALLED BLOCK TRADE CARRIED A PREMIUM OF THAN $ 1 Million for 1.180 Contacts of the $ 70,000 Put Option Expiration April 25, Accounting To Data Trampled by Amberta.
A Put Option Gives The Purchaser The Right, But Not the Oblagation, to Sell the Underlying Asset at A Podterminated Price at A Later Date. A put buyer is essentally bearish on the Market, in this Case, anticipating a price drop to bealow $ 70,000 from the Current $ 84,000.
A Block Trade Is a Large, Privately Negotated Transaction Execurated Outside the Public Market, Typical By Institutions, To Avoid Affecting the Going Market Rate.
Other Notable Trades Included A Put Ratio Spread, Featuring Long Positions in the $ 75,000 Strike Put and Double Short Positions in the $ 70,000 Put; and a risk reversal, involving a long position in the $ 90,000 call and a short position in the $ 70,000 put, AS Pelion Capital Founder Tony Stewart Noted.
BTC’s Block Options Trades. (Ambrdata/Deribit)
The Bearish Flow in the $ 70,000 Put Follows Purchases of Put Options Expiring April 4 in the $ 78,000 to $ 85,000 Range Last Week and Increasd Demand for the $ 76,000 Put Option Expire on APRIL.
Broadly Speaking, BTC Puts Are Trading at At a Premium to Calls, Exhibiting Downside Sentiment Out to the May-End Expiry, As Evident From The Negative Values in Risk Reversales.
BTC Risk Reversals. (Ambrdata/Coindesk)
The Bias for Puts Offering Downside Protection Likely Reflects Investor Anxiety Surmounding President Donald Trump’s Expectioned Reciprocal Tariffs Announcement on Wednesday. An Aggressive Move Could Weigh on Risk Assets, Including Cryptocurrencies.
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