UBS just went 24x long on $IBIT calls 👀
Massive position sizing shift but the net directional bias on options flow still unclear. Could be hedging, could be conviction.
Watch the delta exposure and open interest changes. If institutions are loading calls this aggressively, either they're front-running something or setting up a complex hedge.
Either way, $BTC exposure via spot ETF options is getting real institutional attention. Position accordingly.
Massive position sizing shift but the net directional bias on options flow still unclear. Could be hedging, could be conviction.
Watch the delta exposure and open interest changes. If institutions are loading calls this aggressively, either they're front-running something or setting up a complex hedge.
Either way, $BTC exposure via spot ETF options is getting real institutional attention. Position accordingly.