Bitcoin breaks through 66,000! Coinbase surged 11% yesterday, bullish options skyrocketed

U.S. presidential candidate and current Vice President Kamala Harris has pledged to support a regulatory framework for digital currencies, boosting the market for digital currencies, with Bitcoin and Ethereum rising at least 6% in the past 30 hours. In a bid for votes, both Trump and Harris have continuously announced their support for the digital currency industry.

It is worth mentioning that well-known investor Guo Yu has recently been actively trading digital currency concept stocks and derivative options. His latest trading report shows a floating profit of 102.19% on the options for $Coinbase(COIN.US):

This option expires on November 8, 2024, with a strike price of $250, and surged 151.2% overnight:

The other popular traded options ranked by trading volume are shown in the following image:

Options Terminology Explanation

Implied Volatility:

• Represents the market investors' expectations of future stock price volatility, which is actually an unknown quantity.
• By using a certain options pricing model, factors such as stock price, option premium, interest rate, and expiration time are substituted into the pricing formula to derive the implied volatility.
• It reflects the valuation level of the option to some extent, under other unchanged conditions:
  • When implied volatility is at a relatively high level, the option price is more expensive (for assets with little price fluctuation, 30% may be considered high volatility);
  • When implied volatility is at a relatively low level, the option price is cheaper (for assets with significant price fluctuations, 80% may still be considered low volatility).

Put/Call:

• The ratio of put option trading volume to call option trading volume; the smaller the ratio, the greater the bullish sentiment.

$GraniteShares 2x Long COIN Daily ETF(CONL.US)