The options market for Bitcoin (BTC) and the S&P 500 are indicating diverging trends ahead of the U.S. election. Bitcoin options are showing a bias for calls, suggesting traders anticipate upside volatility or higher prices. On the other hand, S&P 500 options are biased towards puts, indicating fears of downside volatility and price losses. This divergence in options pricing is creating uncertainty and could potentially lead to a decoupling of Bitcoin from equities. Additionally, some traders have been selling volatility by betting on a decrease in price fluctuations ahead of the election. They are using strategies such as selling straddles and strangles, which involve selling both call and put options in a bet that the price will remain rangebound.



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