Deribit Exchange Raises Maximum Bitcoin Options Strike Price to $400K
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Trading Hall of Fame: The Bitcoin Options Bet That Made $58.2M Profit on Just $638K
With a 9,118% return on investment, a bitcoin options trade initiated in late October is trouncing some of the best currency market bets of the past 40 years by leaps and bounds. On Oct. 30, someone (a single trader or small group) bought 16,000 contracts of Jan. 29 expiry call options at the $36,000 strike […]
Continue ReadingBitcoin Options Volume on Deribit Already 25% of 2020 Total
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingTraders Can Now Bet on ‘Bitcoin $300K’ as Options Keep Pace With Rising Price
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingMarket Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options
Retail buying through PayPal is likely helping push bitcoin’s price higher while traders are hoping to get into an ether options market with potential volatility similar to March 2020. Bitcoin (BTC) trading around $36,122 as of 21:00 UTC (4 p.m. ET). Gaining 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $33,875-$36,122 (CoinDesk 20) BTC […]
Continue ReadingBitcoin Options on Deribet Now Go to $200K After Recent Surge
The folks over at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.
Continue ReadingDeribit Adding Options to Allow Bitcoin Traders to Bet on Rally to $120K and Beyond
The folks at Deribit apparently think betting on a $100,000 bitcoin (BTC) price is so earlier-this-month because on Friday, mere hours before the leading cryptocurrency hit $25,000 for the first time, the crypto derivatives exchange announced contracts on $120,000 BTC with $140,000 coming soon.
Continue ReadingDeribit’s New Options Allow Bitcoin Traders to Bet on Rally to $100K
Bitcoin traders can now bet on a potential price rise to $100,000 via crypto derivatives exchange Deribit’s new options contracts. Call and put options at the $100,000 strike price expiring on Sept. 24, 2021, went live on Deribit Thursday. “A few trades have taken place, as thus far 45 [call option] contracts have been traded,” […]
Continue ReadingMarket Wrap: Bitcoin Tests $19.5K; Ether Options Interest in Doldrums
Bitcoin has been able to hold above $19,000 as it has for the past several days. Meanwhile, the ether options market on Deribit has dipped in December although a block trade strategy in the $600-$800 price range has developed. Bitcoin (BTC) trading around $19,510 as of 21:00 UTC (4 p.m. ET). Gaining 1.6% over the […]
Continue ReadingHow One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks
In the run-up to the 2017 market peak, stories abounded of traders who bought bitcoin in the spot market just a few months before only to cash out to the tune of hundreds of thousands, if not millions, of dollars. The days of tripling or quadrupling your money in just a week or two just […]
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