Deribit CEO: The number of Bitcoin call options expiring on November 8 is twice that of put options

Odaily Planet Daily News Deribit CEO Luuk Strijers said that derivatives traders are preparing for a bullish move in Bitcoin in the days after the US election on November 5. Data shows that the number of Bitcoin call options expiring on November 8 is twice that of put options, which is the first option to expire after the US presidential election. Strijers also said that for options expiring on November 8, the value of open contracts exceeded US$2 billion, with the main strike prices of US$70,000, US$75,000 and US$80,000, and the put/call ratio was 0.55, indicating that the number of open call options was twice the number of put options. Strijers added that the forward implied volatility was 72.29%, indicating that prices could fluctuate by about 3.78% in the days after the presidential election. (THE BLOCK)