BlackRock Bitcoin ETF Options Surge: December 20 Call Signals BTC Price Target Of $180,000
BlackRock has launched options trading for its Bitcoin ETF, the iShares Bitcoin Trust (IBIT), following regulatory approval in January. This move is expected to enhance liquidity and reduce volatility in Bitcoin markets. As Bitcoin becomes more widely held, volatility is anticipated to decrease, encouraging investors to view it as a viable asset. On the first day of options trading, IBIT saw nearly $1.9 billion in notional exposure across 354,000 contracts, with a bullish call to put ratio of 4.4:1. The majority of contracts were calls, particularly a December 20 call option predicting Bitcoin could reach over $180,000. Options will settle in actual Bitcoin, providing direct exposure to price movements. Bitcoin is currently trading at $91,580, reflecting a 4% increase over the week.
