📈 Crypto Market Insights: BlackRock's Nasdaq-listed spot Bitcoin ETF (IBIT) sees a surge in put options, sparking curiosity among traders. Over 13,000 contracts of the $30 OTM put option, expiring May 16, were traded as IBIT rose 1.7% to $57.91. But is this bearish? Not necessarily!

- Many traders are using "cash-secured put selling" to earn passive income, not just betting on a price drop.

- This strategy allows traders to potentially acquire assets at a lower price while pocketing premiums.

- Interestingly, IBIT call options remain pricier, hinting at bullish sentiment.

What are your thoughts on these trading strategies? Share in the comments! 💬