Options Market Statistics: Crypto-related Stocks Attract Bullish Bets With Bitcoin Breaking $30,000 Mark
News Highlights
$Bank of America(BAC.US$ shares edged higher by 2.76%, with option volume of 0.36 million, and calls accounted for 64.1%. Calls are outnumbering puts at a 2:1 ratio.
$Coinbase(COIN.US$ shares rose by 6.14%, with option volume of 0.36 million, and calls accounted for 61.6%. Calls are outnumbering puts at a 2:1 ratio.
Bitcoin was recently trading around $30,177, while ether rose $1,902. The combined market capitalization of all crypto was around $1.23 trillion, according to CoinMarketCap. Shares of some crypto-related stocks are also getting a boost.
$Marathon Digital(MARA.US$ jumped 12.42% ,with option volume of 0.34 million, and calls accounted for 71.4%. Calls are outnumbering puts at a 2:1 ratio. $Riot Platforms(RIOT.US$ jumped 17.01% ,with option volume of 0.32 million, and calls accounted for 68.7%. Calls are also outnumbering puts at a 2:1 ratio.
Most major digital assets advanced on Tuesday, with Bitcoin (BTC-USD) breaking the $30,000 mark for the first time since June as investors awaited March consumer inflation data due Wednesday.
Unusual Stock Options Activity
Some notable call activity is being seen in $Kinross Gold(KGC.US$ ,which is primarily being driven by activity on the April 11 5.00 call. Volume on this contract is 15,044 versus open interest of 193, so it's likely that nearly all of the volume represents fresh positioning.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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