Bitcoin 'Call Writing' Back in Vogue as Cash And Carry Strategy Loses Shine [Yahoo! Finance]
CME Group Inc. - Class A (CME)
Last cme group inc. - class a earnings: 4/29 07:00 am
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Source: Yahoo! Finance
The bitcoin futures premium has collapsed, weakening the appeal of the cash and carry arbitrage strategy. Writing or selling bitcoin {{BTC}} call options, one of the most favored yield-generating strategies a year or so ago, is back in vogue as the recent market swoon has dented the appeal of the cash and carry arbitrage. Selling a call option is a way of offering insurance to the buyer against bullish price moves in return for compensation, called a premium. The premium received is the maximum profit a call option seller stands to make. In late 2022 and the first half of 2023, traders consistently sold bitcoin and ether call options at strikes well above the going market rate, generating additional yield on top of their spot market holdings. Now they are selling $80,000 BTC call options expiring at the end of May, according to algorithmic trading firm Wintermute. Bitcoin is currently trading around $58,000. "One popular strategy among traders is to sell out-of-the-money call
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CME
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- 4/24/24 - Beat
CME
Sec Filings
- 5/15/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 144
- CME's page on the SEC website