According to ChainCatcher, BlackRock Bitcoin Spot ETF (IBIT) triggered a market boom on its first day of listing, with 354,000 options contracts traded and a nominal turnover of $1.86 billion. This phenomenon drove IBIT's trading volume up 32% month-on-month.
Among all traded contracts, call options dominated, with a total of 288,700, far exceeding the 65,000 put options, with a call/put ratio of 4.44, and market sentiment was generally optimistic. The main transactions were concentrated in long options expiring on January 17, 2024, with a price range of $55-60.
Analysts pointed out that this reflects the market's expectation that the price of Bitcoin will reach $100,000 before Trump's official inauguration. In addition, the implied volatility of options is higher than the historical volatility, indicating that investors prefer to hold options. It is worth mentioning that option trading for Grayscale's spot Bitcoin ETF GBTC and BTC will also start this Wednesday.