Data: BlackRock's Bitcoin spot ETF options debuted trading this Tuesday, with a call/put ratio of 4.44 indicating that investors are generally bullish.

PANews reported on November 20 that according to SoSoValue data, BlackRock's Bitcoin Spot ETF (IBIT) had a total of 354 thousand options contracts traded this Tuesday, with a notional transaction amount of 1.86 billion USD. As it was the first day of listing, this indicates extremely high market enthusiasm. The options also drove a 32% month-over-month increase in IBIT's trading volume. Among all traded contracts, 288.70 thousand were call options, and 65 thousand were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.

Data shows that market trading is concentrated on call options expiring on January 17, 2024, with a price range of 55-60 USD. Corresponding to Tuesday's closing price of IBIT, there was a price increase of 4.4%-13.9%. SoSoValue analysts stated, "Roughly corresponding to a Bitcoin price of 97 thousand - 105 thousand USD, indicating that the market expects Bitcoin to reach 100 thousand USD before Trump officially takes office." It is worth noting that the implied volatility of January options is between 68%-69%, while IBIT's 60-day historical volatility is around 55%. The implied volatility being greater than historical volatility suggests that investors prefer to hold options rather than sell them.

Additionally, Grayscale's spot Bitcoin ETF GBTC and $BTC options trading will also begin their inaugural trading this Wednesday.