Bloomberg: Bitcoin put and call options are evenly distributed in October, and investors are "preparing for both scenarios" for the US election

Odaily News Bitcoin speculators are preparing for possible market volatility after the U.S. election day. Bitcoin's 30-day implied volatility index has reached its highest level since the global market crash in August. The index is compiled by CF Benchmarks Ltd. and is derived from CME Bitcoin options pricing. Caroline Mauron, co-founder of Orbit Markets, a provider of crypto derivatives trading liquidity, said that the options market indicates an expected volatility of about 8% the day after the vote, while the volatility under normal circumstances is usually 2%. She added: "After November 7, the market has no significant volatility premium, which suggests that the market expects the election results to come out soon. Considering that the polls show such a close race, this may be an optimistic forecast." According to a report from crypto derivatives trading platform Derive.xyz, Bitcoin's put and call options were evenly distributed throughout October, indicating that speculators were preparing for both upward and downward movements before the U.S. election. According to Deribit data, in the weeks after the election, based on the peak open interest positions of put and call options, Bitcoin's trading range may be between $60,000 and $80,000. (Bloomberg)