Matrixport: During this period before the U.S. election, traders may consider using a call option arbitrage strategy to gain profits

ChainCatcher news, Matrixport released a chart stating that as implied volatility remains low, Bitcoin traders need to establish corresponding positions to prepare for a potential bull market that may arise from Trump's victory. Bitcoin options will expire on November 8, 2024, but the market has not shown extreme positioning, indicating that traders are cautious about the election results. However, the strike prices of $65,000 and $70,000 suggest that many traders are anticipating a market rebound.

The trading volume in the Bitcoin options market this year has ranged between $42 billion and $71 billion, gradually replacing the underperforming crypto stocks since the Bitcoin halving in April 2024, becoming a more favored leveraged tool among traders. Additionally, although MicroStrategy's current stock price is higher than the value of its held Bitcoin, holding MicroStrategy shares has become an alternative option for gaining direct exposure to Bitcoin.

At the beginning of this year, the macroeconomic situation improved, and Bitcoin prices rebounded at one point, but as both market structure and liquidity driving factors weakened, a pullback occurred.

Trump's victory could bring positive news for Bitcoin, but if the Federal Reserve adopts a tightening monetary stance to counteract the excessive economic stimulus from Trump's policies, the rise will face resistance. During this pre-election period, traders looking to profit in the short term may consider using call option arbitrage strategies to manage risk and capture upside gains.