Market News / Story
Bitcoin options traders lean into upside as short-dated calls gain favor
Crypto Briefing ·
Crypto Briefing reports: Bitcoin options traders are paying up for the right to profit if prices rise. At the one-week, 25-delta level, demand for calls is now running ahead of demand for puts. A call option pays off if Bitcoin rises, and a put pays off if it falls. The "25-delta" label refers to options that sit a moderate distance from the current price. Traders compare the implied volatility of 25-delta calls against 25-delta puts. The gap is called the risk reversal, or skew. When puts…