The distribution of June-expiry ether options reveals that derivatives traders are focused on calls above $3,600.
The term structure of open interest in ether options reveals a concentration of calls expiring at the end of June, comprising over 617,000 contracts with a notional value exceeding $1.8 billion, according to Deribit data.
Strike prices for end-of-June expiry calls are concentrated above $3,600, with $6,500 being the most favored strike price, according to CoinShares Research Associate Luke Nolan. "The largest open interest for end-of-June expiry is concentrated at a strike price of $6,500, with a notional value of $192 million," Nolan told The Block.
A put-call options ratio below one indicates that the call volume exceeds the put volume, signifying bullish sentiment in the market. It is assumed that a trader who buys call options is implicitly bullish on the market, while a put buyer is bearish. According to The Block's Data Dashboard, today's ether put-call ratio on Deribit is 0.41.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Antonio celebrates graduation with over 600 students walkingSAN ANTONIO - Over 600 students at Texas A&M University-San Antonio graduated on Monday, walking the stage in celebration of their hard-earned degrees.Class of
Read more »
STOXX 600 closes at record high on earnings, rate cut optimismSTOXX 600 closes at record high on earnings, rate cut optimism
Read more »
More than 600 UCLA faculty, staff demand chancellor's resignation over protest arrestsOver 600 faculty and staff members at UCLA have signed a letter calling for the resignation of the university's chancellor alongside several other demands being made in support of students protesting the war in Gaza.
Read more »
Collapse of Earth's magnetic field may have fueled evolution of life 600 million years agoStephanie Pappas is a contributing writer for Live Science, covering topics ranging from geoscience to archaeology to the human brain and behavior.
Read more »
MLB, Rangers to hire 600 part-timers ahead of All-Star WeekMajor League Baseball and the defending World Series Champs Texas Rangers will hire 600 part-time workers for the upcoming All-Star Week in July.
Read more »
UT's new master's in AI program sees over 600 students in first semesterThe University of Texas at Austin just launched a unique AI master's program. Enrollment for the first semester far exceeded expectations.
Read more »