“Longs stand to benefit should BTC maintain current marks aa Put option volume remains subdued” –Paul Ebeling
$3.1-B BTC options are set to mature Friday. Currently, the Top volume contracts have been around the $60,000 strike price, with Calls outweighing Puts.
Calls give the options buyer the right to purchase the underlying asset in the future at a predetermined price, whereas Puts provides the right to sell.
Prices as of this writing are as follows:
- Bitcoin (BTC): $61,588, +4.6%
- Ether (ETH): $4,274, +6.64%
- GBITS: 225.697, +89.9%
- S&P 500: $4,596, +0.98%
- Gold: $1,798, +0.09%
- 10-yr Treasury yield closed at 1.56%
Have a prosperous day, Keep the Faith!