🚀 Exciting times in the crypto world! BlackRock's Nasdaq-listed spot bitcoin ETF (IBIT) is seeing a surge in put options, but don't jump to bearish conclusions just yet! 📈

🔍 Over 13,000 contracts of the $30 OTM put option expiring May 16 were traded, but experts suggest this is more about generating passive income through "cash-secured put selling" than betting against the market.

💡 Savvy traders are using this strategy to potentially acquire assets at a lower price while pocketing premiums. Meanwhile, IBIT call options remain pricier, hinting at bullish sentiment.

What do you think? Share your thoughts below! 👇