First Mover Americas: Ether Options Tilting Bearish
The latest price moves in bitcoin (BTC) and crypto markets in context for April 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Options
Bitcoin Volatility Index’s Correlation With Price Flips Positive, Boosts Appeal of Bullish Call Options
It pays to be a call option holder when the implied volatility is rising along with the underlying asset’s price, crypto observers told CoinDesk.
Bitcoin Drops Below $28K as Options Expire, Traders Borrow WBTC From Aave
WBTC is the largest tokenized version of bitcoin and can be swapped on a 1:1 basis for BTC.
Arbitrum Put Options Let Traders Bet on First Day Price Action
A put option that expires at $2 is selling for 76 cents on options marketplace Clober.
Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles
Crypto services provider Matrixport suggests collecting premium by selling bitcoin call options and using the same to fund the purchase of ether calls.