Bitcoin Options Report | Thursday, September 9, 2021

BTC Options Trading Report | Thursday, September 9, 2021

HXRO Labs – US residents | Hxro Trade – International 

KEY HEADLINES

Bitcoin Options Volume

In total, during the last 24 hour period, crypto traders and hedgers have sold more crypto option contracts than they have bought. Premium seller totaled 6732 puts and calls sold versus 6233 bought.

Call sellers have the most volume, with 4479 contracts sold versus 4331 calls bought. Bitcoin puts bought totaled 1902 contracts versus 2252 puts sold. The calls bought in the 48,000 strike had the most volume across all strikes and positioning, with 687 bought.

In the past 24 hours, more than $590m in premium has traded in BTC derivatives. The put/call ratio for volume trading across exchanges is .452, with 68.9% calls vs. 31.1% puts traded. An overview of the total crypto options outstanding contracts is below. Crypto options traders are still positioned heavily in OTM call contracts. The 100,000 calls still lead with the highest open interest across all strikes with 11,231 contracts outstanding, followed by the 50,000 calls with 9,220 contracts outstanding.

For the September 10th Bitcoin options expiration, the 50,000 calls have the highest open interest with 1987 contracts outstanding, followed by the 52,000 calls with 1330 contracts outstanding.

For the September 17th Bitcoin options expiration, the 54,000 calls have the highest open interest with 1218 contracts outstanding, followed by the 30,000 puts with 1040 contracts outstanding.

For the September 24th Bitcoin options expiration, the 64,000 calls have the highest open interest with 4290 contracts outstanding, followed by the 50,000 calls with 3,457 contracts outstanding.

For the October 29th Bitcoin options expiration, the 100,000 calls have the highest open interest with 3035 contracts outstanding, followed by the 80,000 calls with 2239 contracts outstanding.

For the November 26th Bitcoin options expiration, the 80,000 calls have the highest open interest with 582 contracts outstanding, followed by the 90,000 calls with 518 contracts outstanding.

For the December 31st Bitcoin options expiration, the 200,000 calls have the highest open interest with 5095 contracts outstanding, followed by the 100,000 calls with 3447 contracts outstanding.

For the March 25th Bitcoin options expiration, the 70,000 calls have the highest open interest with 1,081 contracts outstanding, followed by the 100,000 calls with 1021 contracts outstanding.

For the June 24th Bitcoin options expiration, the 100,000 calls have the highest open interest with 878 contracts outstanding, followed by the 20,000 puts with 667 contracts outstanding.

Top Block Trades by Premium Size – September 9, 2021

Key Takeaways: 

Options volume has decreased overall after the big move earlier this week. Implied volatility has moved higher, and we are seeing more downside put activity in nearer-term expirations. In the past 24 hours, we’ve seen more put sellers than buyers. We will be watching closely for big options activity – follow us on Twitter and join our Discord to find out more.

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Disclaimer:

This commentary is provided as general information only and is in no way intended as investment advice, investment research, a research report, or a recommendation. Any decision to invest or take any other action with respect to the digital assets and/or securities discussed in this commentary may involve risks not discussed herein, and such decisions should not be based solely on the information contained in this report. Option data generated from Gvol, crypto traders, and trades on Deribit. Past performance is not indicative of future results.

©2021 Hxro Labs

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