ETH News Today: $6.5K Ether Calls Dominant on Deribit
Summary
Despite Ether's price dropping 26% this quarter to around $3,033, the $6,500 call option on the Deribit exchange remains the most popular in terms of notional open interest, totaling $383.533 million. A call option buyer is implicitly bullish, betting the spot price will rally past the strike level. Other popular strike prices for Ether options on Deribit include $4,000, $5,500, and $6,000.
(Source:CoinDesk)