Bitcoin Traders Target $20K Bitcoin Strike as Deep Out of the Money Options Gain Traction
of-the-money (OTM) bitcoin (BTC) put options are lighting up in longer-dated expiries, as traders pick up cheap lottery tickets for potential moonshot payoffs if BTC swings wild. On leading crypto options exchange Deribit, the $20,000 strike put is the second most popular among the June 2026 expiry options, boasting a notional open interest of over $191 million./ Notional open interest is the dollar value of the number of active contracts. Put options at strikes below the going market rate of BTC are said to be OTM. These OTM puts tend to ...
Click
To Read Full Article
