Options Spy | Bitcoin hits new high. Institutions cautiously sell call options

The price of bitcoin rose to a record high of $72,000 on Monday. Coinbase shares were down 0.95% on the day, closing at $254.17, but were up nearly 2.9% after hours. Cathy Wood's Ark Investment Management continued to dump shares of Coinbase, the largest publicly traded cryptocurrency exchange in the U.S., selling 27,365 shares worth about $68.71 million on Monday after cashing out more than $100 million last week. Option transactions show a large number of sell orders for CALL options expiring on March 28 $COIN 20240328 270.0 CALL$ 

According to media reports, former Boeing employee John Barnett, who exposed major quality defects, committed suicide on March 9 in Charleston County, South Carolina. Mr. Barnett's death will no doubt further raise questions about the quality of Boeing's products. Not long ago, a serious accident occurred shortly after takeoff on a brand new 737 Max airliner, an unsecured escape door fell off, exposing Boeing's quality control problems. At the time of writing, Boeing's U.S. stock was down about 2 percent in the premarket. The option transaction shows the institution selling the PUT option at the 165 level to buy the bottom $BA 20240517 165.0 PUT$ , while selling the CALL option to sell the recent stock price movement $BA 20240405 190.0 call $

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FANNG option active

$Amazon.com(AMZN)$ buy put options $AMZN 20240426 155.0 PUT$ 

$Meta Platforms, Inc.(META)$ sell put options $META 20260618 400.0 PUT$ 

Option buyer open position (Single leg)

Buy TOP T/O:

$UNH 20260116 820.0 CALL$  $W 20260116 75.0 CALL$ 

Buy TOP Vol:

$GERN 20240315 2.0 PUT$  $UNH 20260116 820.0 CALL$ 

Option seller open position (Single leg)

Sell TOP T/O:

$UNH 20240315 540.0 PUT$  $COIN 20240328 270.0 CALL$ 

Sell TOP Vol:

$GOLD 20240517 17.0 CALL$  $HUN 20240419 24.0 PUT$ 

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.

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  • Tom Chow
    ·03-14
    good
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