Bitcoin spiked 14.5% on news that Fed is slashing interest rates to zero and printing money, but was short-lived as after S&P 500 Futures had hit Limit Down straight after, indicating a move greater than 5%. #BTC
TradeStation Securities Now Supports Trading of Options on #Bitcoin Futures from CME Group, and Bakkt Bitcoin (USD) from ICE. Well done, #TradeStation#BTC
#BTC at 6,925.00 and 3/27 $7K call going for around $950 (all extrinsic value) and put for about $900. Mid-team folks are still bullish. #bitcoin#OptionsTrading
Speculation in spot prices for #BTC has been there for years. A single #whale could have swayed the markets on multiple occasions in the past. #Bitcoin derivative markets offer artificial limits on volatility, thus taming wild BTC price moves.
Deribit exchange, which began offering #Bitcoin options in 2018 and #Ether options earlier this year, reports that interest in Bitcoin options contracts has been steady, but orders for Ether contracts have been weak since May. #BTC#ETH
Dec 27th $7K #BTC straddle going for around $500, so #bitcoin would need to go below $6.5K or above $7.5K by Dec 27 to make it profitable. Worth buying or selling?