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

Odaily News Deribit CEO Luuk Strijers said derivatives traders are preparing for a bullish move in Bitcoin in the days after the U.S. 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 U.S. presidential election. Strijers also said that for options expiring on November 8, the open interest is worth more than $2 billion, with the main strike prices of $70,000, $75,000 and $80,000, and the put/call ratio is 0.55, indicating that the number of open call options is twice the number of put options. Strijers added that the forward implied volatility is 72.29%, which indicates that prices may fluctuate by about 3.78% in the days after the presidential election. (THE BLOCK)