Crypto Traders Load Up on Bitcoin Topside Option Plays After Binance's Gulity Plea
Briefly

"In the options space, after the initial two-way flow, we have seen interest in loading up more topside with strong demand for the March 2024 expiry calls," Patrick Chu, head of institutional sales coverage at Paradigm, told CoinDesk.
"Overall, both short-term and long-term calls continue to trade at a premium relative to puts, as evidenced by the positive call-put skews. It's a sign the market doesn't expect a significant fallout from Binance's guilty plea. The sentiment is that U.S. regulators have cleaned up the industry, setting the stage for approvi."
Read at www.coindesk.com
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