Ethereum options trading volume on major cryptocurrency derivatives exchanges hit an all-time high of $17.9 billion in January, with five days remaining, according to The Block’s data dashboard.
depending on options data Around 932,000 on GreecesLive ETH
+2.59%
Bullish Put-Call Skew for Ethereum Options
Ether options open interest had AP.At expiration on Friday, the ut-call ratio is 0.31, according to GreeksLive. The data was consistent with data from The Block, which showed that the put-call ratio on Deribit’s Ethereum options fell to 0.3 before the options expired. A put-call ratio below 0.7 is generally considered to indicate bullish sentiment in the market, while a put-call ratio above 1 is generally considered to indicate bearish sentiment.
If the put-call ratio is lower than 1, it means there are more calls (buying options) than puts (selling options), indicating that bullish sentiment is dominant in the market.
According to Deribit data, the largest group of open interest by volume is calling for expiration on February 16 at a strike price of $2,350. This can be interpreted as optimism as many derivatives traders expect the price of Ether to rise above this level by mid-February.
The price of Ethereum has risen nearly 2% over the past 24 hours, trading at $2,249 at 10 a.m. ET. The Block’s Pricing Page.
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