BTC Block put options volume skyrocketed today, with a notional value of over $500 million.
Two types of trades dominated —— one was a bear spread consisting of 55,000Put/50,000Put, and the other was orders below $45,000 to liquidate put option positions.
These Block trades validate our previous suspicions that there are spot whales buying Protective Put, and today's Block is all about shifting positions, updating previously protected options to higher priced protected puts.
Most of the recent options positions are designed to be combined with spot, and investors must not analyze them in isolation when observing the orders.
Two types of trades dominated —— one was a bear spread consisting of 55,000Put/50,000Put, and the other was orders below $45,000 to liquidate put option positions.
These Block trades validate our previous suspicions that there are spot whales buying Protective Put, and today's Block is all about shifting positions, updating previously protected options to higher priced protected puts.
Most of the recent options positions are designed to be combined with spot, and investors must not analyze them in isolation when observing the orders.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.