Ethereum options traders expect June expiration price to top $3,600

PANews reported on May 14 that according to The Block, Deribit data showed that the position structure of Ethereum options showed a concentration phenomenon, with more than 617,000 subscription contracts with an expiration date of the end of June, and a nominal value of more than 1.8 billion US dollars.

The large number of subscription contracts and their large notional value may reflect the market’s confidence that Ether will appreciate before the end-June expiration date. The concentration of call contracts may also support the price of a digital asset if derivatives traders choose to exercise their options when the price begins to exceed a specific strike price in the option distribution.

According to CoinShares researcher Luke Nolan, the exercise prices of subscription contracts with an expiration date of the end of June are mainly concentrated above $3,600, with $6,500 being the most popular exercise price. According to data from The Block, the Put-call ratio of Ethereum on Deribit today is 0.41.