Wintermute OTC Head: Options Market Continues Betting on Price Rally, Q1 May See a Relief Bounce

Odaily News Wintermute's OTC trading head, Jake Ostrovskis, posted options market trading data on X and stated: "Bets on the upside continue, with another $13 million overnight flowing into $100,000 call options expiring on February 27th and $98,000 call options expiring on January 30th. As the new year begins, the market is establishing new positions. The direction implied by the price action suggests a potential relief rally may occur in the first quarter."

Odaily Note: A relief rally generally refers to a temporary, sentiment-driven price increase that occurs after a period of sustained negative pressure, panic, or decline.