PANews reported on November 20 that, according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded on Tuesday, with a nominal trading volume of $1.86 billion, marking a highly enthusiastic market on its first day of listing. The options also drove a 32% increase in IBIT's trading volume compared to the previous period. Of all the traded contracts, 288,700 were call options, and 65,000 were put options, resulting in a call/put ratio of 4.44, indicating a generally optimistic market sentiment.
Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-60. Corresponding to Tuesday's IBIT closing price, there is an increase of 4.4%-13.9%. SoSoValue analysts stated, 'Roughly corresponding to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office.' Notably, the implied volatility of the January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility greater than historical volatility, indicating that investors prefer to hold options rather than sell them.
Additionally, Grayscale's spot Bitcoin ETF GBTC and the trading of BTC options will also begin trading this Wednesday.
