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25 September 2020

Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400 - CoinDesk

Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400 - CoinDesk


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Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400.

Federal Reserve, while ether traders are hedging in the options market.

While 36% expect ether to be over $380, only 22% of options bets expect ether over $400 next week at the Sept.

William Purdy, an options trader and founder of analysis firm PurdyAlerts, said that ether’s implied volatility, the forecast of its price movements, has been higher than realized volatility, a measure of price movements from past behavior, since July

As option prices are based on implied volatility, he sees an opportunity in shorting ether options

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