Options traders are paying up for election-night protection.
BTC options expiring Nov 4 show implied volatility near 43.5%, versus around 36% for later expiries (KuCoin market report). Spot $BTC sits near $77,000, down about 2% on the day.
My take: a roughly 7-point premium on the nearest expiry says the market expects a bigger swing around the vote than in the following weeks. It's hedging, not a forecast of direction.
Are you hedging, sitting in stablecoins, or ignoring the midterm noise entirely?
#Bitcoin #Options #Midterms #CryptoMarkets
Not financial advice.
BTC options expiring Nov 4 show implied volatility near 43.5%, versus around 36% for later expiries (KuCoin market report). Spot $BTC sits near $77,000, down about 2% on the day.
My take: a roughly 7-point premium on the nearest expiry says the market expects a bigger swing around the vote than in the following weeks. It's hedging, not a forecast of direction.
Are you hedging, sitting in stablecoins, or ignoring the midterm noise entirely?
#Bitcoin #Options #Midterms #CryptoMarkets
Not financial advice.