Surging Crypto Options Activity Highlights Traders' Appetite for Leverage
-
Notional open interest in BTC options on Deribit hit a record $15B last week, more than double the level in late September.
-
The figure underscores increased preference for options among traders for hedging and leveraging gains.
-
Deribit accounts for ~87% of the $25B global crypto options open interest.
-
Options flow remains bullish, with large call option purchases on BTC and ETH.
-
One trader sold a $2.8M straddle, a volatility selling strategy, amid listless crypto prices this summer.