IBIT Options Available! Will You Trade Them?
Bitcoin hits a new high of $97,000. In addition to popular crypto-related stocks, Singapore tigers can start trading IBIT options tonight. Many have already profited significantly.
If you’re hesitant to buy the stock at its peak, could chasing the rally with options be a better choice?
IBIT have made a remarkable entrance into the market.
Within the first hour of trading on Nasdaq, a staggering 73,000 contracts were exchanged. It’s ranked among the top 20 most actively traded non-index options on day one.
Data shows that a total nominal exposure nearing $1.9 billion and 354,000 contracts traded. Of these, call options accounted for 289,000 contracts, while put options totaled 65,000 contracts, resulting in a call-to-put ratio of an impressive 4.4:1.
What can IBIT options offer to you ?
IBIT options provide a structured way to invest in Bitcoin, offering benefits such as leveraging its volatility without the need to directly own the asset.
These options allow investors to hedge risks or speculate on Bitcoin’s price movements, creating opportunities in both rising and falling markets.
However, options trading comes with its own set of risks. The potential for significant losses requires careful planning and understanding.
A promotional poster featuring IBIT options, Tiny Tiger, Bitcoin, with a bold yellow and black color scheme. The poster includes a visual of Bitcoin reaching a record high of $97,000, dynamic call-to-action text like 'Explore IBIT Options Today!' and 'Start Trading Tonight!' Tiny Tiger is incorporated as a cheerful mascot, holding a Bitcoin symbol in its paw. The background has a futuristic financial market vibe with charts and Bitcoin logos subtly integrated. Designed for a modern, energetic audience, with a clean yet impactful layout.
More Bitcoin ETF options on the way!
As IBIT options attract high volumes, other ETFs, including $Grayscale Bitcoin Trust(GBTC)$ and $Bitwise Bitcoin ETF(BITB)$, are also gearing up to launch options. This expansion reflects growing confidence in the maturity and scalability of Bitcoin as an asset.
With Bitcoin at record highs and IBIT options gaining traction, do you see this as an opportunity to explore options trading?
Or do you prefer traditional Bitcoin investments?
Share your thoughts!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Their business analytics software doesn't seem to have much of a presence anymore, it's all held together by Bitcoin.
such great news!