Traders use IBIT options to bet on BlackRock's Bitcoin ETF doubling in price
ChainCatcher news, according to Coindesk, some traders are betting that the ETF price will double to $100, with IBIT closing at $52.70 yesterday.
ConvexValue data shows that the trading volume of call options with a strike price of $100 has exceeded 32,000 contracts. Most of the value occurred in options that expire on December 12, which is also the most popular settlement price overall, accounting for 40% of the total trading volume of 354,000 contracts.
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