Bitcoin options were mainly for the big players on a few exchanges like Deribit. But now that Bakkt and CME are rolling out these products, more folks can jump in. Bakkt has had options since December 9 and CME is kicking off soon too, around January 13.
Understanding Bitcoin Options: What You Need to Know
21 replies 81 views
A cool resource for tracking options is Skew.com. They have a Bitcoin Options Dashboard that’s pretty handy.
The BTCUSD Spot graph is just a straightforward chart. Nothing too fancy, but helps to get a lay of the land when you look at other data.
fewunderstandLegendary
Posts: 86 · Reputation: 5964
#4Jul 21, 2022, 12:30 AM
The BTCUSD Realised Volatility graph is pretty interesting. It shows historical volatility over different time frames and highlights that long-term volatility tends to be more stable.
greg.chainMember
Posts: 15 · Reputation: 107
#5Jul 21, 2022, 06:27 AM
Looking at the buy/sell ratio on Deribit can give you a peek into market sentiment. A shift in that ratio might indicate a bigger change, but sometimes the numbers seem off. It's like it doesn’t always add up to 100% go figure.
SwiftMatrixNewbie
Posts: 26 · Reputation: 23
#6Jul 21, 2022, 10:27 AM
I'm really excited about these developments in trading options. I had my doubts about Bakkt at first, but it seems like they’re making good progress. Trading options can open new doors if you know what you're doing.
CryptoStakeNewbie
Posts: 6 · Reputation: 29
#7Jul 21, 2022, 01:04 PM
Solid explanation, OP! I haven’t dived into options trading yet. Seems too complex for me. Just sticking to what I know in the markets.
Thanks for breaking this down! I’ve been trading for a while but always avoided options because it seemed complicated. Your summary gives me a lot to think about.
notyourkeysNewbie
Posts: 61 · Reputation: 12
#9Jul 21, 2022, 07:18 PM
Totally agree. Options trading is tricky and not for everyone. We should warn newcomers about the risks involved, or they might get rekt.
I’m just starting out and learning about all these indicators. Your article really helped me see the bigger picture of Bitcoin trading.
Your insights are impressive. I’ve just started learning about options and your breakdown made it much clearer. Appreciate your effort!
Glad you liked it! It was a lengthy write-up but I tried to cover the essentials. Let me know if there’s something specific you want me to explain further!
Staying away from options has been my path too. I’ve heard it’s complicated, and your post confirms that. I’ll stick with simpler trades.
CME has just rolled out their full specs for BTC options, and these are cash settled. This is a good step forward!
I used to think options were just like stock trading but realized there’s a difference. Gotta learn the ins and outs before jumping in.
Newbies really need to figure out the basics before hopping into options. It’s not as straightforward as just following the crowd.
Miners find options useful for risk management. They face high costs in fiat currency but earn in Bitcoin, so options can help hedge against price drops.
That’s a classic use case for options. Miners need to sell some BTC to cover costs, and options can help them deal with price swings.
ledger_walletMember
Posts: 7 · Reputation: 235
#19Jul 27, 2022, 08:46 AM
This is a super detailed thread! I didn’t read everything because it’s overwhelming, but I appreciate the clarity on options.
Today’s the big day for CME launching options. It’ll be interesting to see how this impacts the market.