Crypto News – Data from Deribit indicates that the largest cluster of Ether call options for the June expiry date is located at a strike price of $4,000.
Ether Call Options Seem to Concentrate on Deribit at $4000
The Block was provided with charts by Luuk Strijers, the Chief Commercial Officer of Deribit, which demonstrated a noteworthy clustering of ether call options at this particular strike price.
As you can be see from Deribit data, the $4,000 strike is the largest of both June and September expiries. We don’t have the May expiry tradable yet so can only look at June versus April for ether,Strijers
Spot Ether ETF May Not Drive Prices Higher
The market players’ concentration near the $4,000 strike price indicates that they have a specific interest in, or expectation that, the price of Ether will rise above $4,000 by the options’ expiration dates. This concentration can be a sign of agreement or conjecture regarding a possible future market price movement for Ether.
But according to Strijers, it’s too soon to say whether or if traders in derivatives are expecting prices to rise after a spot Ether ETF is approved.
June skew is higher than April indicating calls to be relatively more expensive however it’s difficult to link specifically to ether ETF news or expected correlation to BTC halving,Strijers