Open interest, or the number of active APE options contracts, surged by over 800% to 263,000 ($394.5K) in one day, PowerTrade told CoinDesk Monday, adding that call options or derivatives, offering an asymmetric upside potential, account for over 80% of the tally. Call buyers are implicitly bullish on the underlying asset.
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Omkar Godbole
https://www.coindesk.com/markets/2024/10/22/ape-traders-make-bold-moves-in-powertrades-altcoin-options-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-10-22 06:04:19
