Bitcoin Traders’ Favorite Lottery Ticket for the First Half of the Year — The $300K BTC Call

Quick Summary:

"There are always folks that want the hyperinflation hedge," one observer said, explaining the solid open interest build up in the $300K call option expiring on June 26.

Deep OTM calls, also called wings, require a large move in the underlying asset's price to become profitable and, hence, are significantly cheaper compared to those closer to or below the asset's going market rate.

Deribit’s BTC options market has experienced similar flows during previous bull cycles, but those bets rarely gained enough popularity to rank as the second-most preferred play in quarterly expiries.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCuba

Topics: News Markets Market analysis Bitcoin Options

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 18:41:31 (20 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © CoinDesk

News ID: 28373084

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