Below are the four most likely scenarios based on the current price action. The number of Bitcoin options contracts available on Dec. 2 for call (bull) and put (bear) instruments varies, depending on the expiry price. The imbalance favoring each side constitutes the theoretical profit:Between $15,500 and $16,500: 600 calls vs. 3,100 puts. The net result favors the put (bear) instruments by $40 million.Between $16,500 and $17,000: 1,700 calls vs. 1,400 puts. The net result is balanced between ...
