Ethereum bulls maintain control ahead of Friday’s $730M ETH options expiry
Traders bullish on Ether have a $109 million advantage heading into the $730 million ETH options expiry on May 14. Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200. The non-stop action has been fueled by an incredible increase in decentralized finance (DeFi) applications where the net locked value surpassed $74 billion, a 51% increase in eighteen days.This positive momentum has been decimating the neutral-to-bearish put (sell) options, giving bulls even more incentives to continue the rally. On May 14, a total of $730 million Ether....
Related News
A $2,200 Ethereum price would give bulls a $28 million advantage in this week’s ETH options expiry, but traders are more focused on the impact of the London hard fork in mid-July. Ether's (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options. However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective put options outnumbered the neutral-to-bullish call options by $30....
Friday’s $1 billion Bitcoin options expiry is tilted toward bulls who have set their sights on the $40,000 level. On Feb. 5, a total of $1 billion in Bitcoin (BTC) options open interest is set to expire. This number is small relative to the past month's $4 billion options expiry, but monthly and quarterly options typically concentrate the most volume. Friday's expiry is somewhat unusual although it is balanced at the current BTC levels. Data also shows that bulls have many incentives to push up the price above $38,000.BTC Feb. 5 options aggregate open interest. Source: Deribit, OKEx,....
After spending weeks ranging within $30k, the bulls’ edge in this month’s $1.7 billion options expiry was strengthened by Bitcoin’s climb past $40,000. A total of 42,850 Bitcoin (BTC) option contracts worth $1.7 billion are slated to expire on Friday, July 30. Bulls may be able to benefit from the $40,000 call (buy) options for […]
ETH price is on the cusp of a new all-time high and derivatives data shows bulls may attempt to capture it ahead of Oct. 29’s $1.25 billion Ethereum options expiry. Ether (ETH) has gained 950% in 2021 and from the look of things, the altcoin has no intention of stopping. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. However, this phenomenon is not exclusive to Ether bulls.The right to acquire Ether at a fixed price in the future does not come at a cheap price. On Sep. 4, the $5,000 call option for Oct. monthly expiry was trading at ETH 0.082....
In retrospect, options are contracts that give traders the right to purchase or sell an asset at a specified price before a certain expiration date.