BTC Call Options Strike Decay
Call options concentrated at high strike prices ($72,000+) are vulnerable to decay if Bitcoin fails to rally quickly, while puts retain value across a broader range of downside scenarios.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"Options activity last week showed investors increasingly buying protection around the $62,000 and $63,000 levels. Put options accounted for nearly 54% of Bitcoin options trading volume over a 24-hour period, while several of the most heavily traded contracts were puts around those strike prices."
"The immediate price test for the weekend sits at $62,000, where a sustained break would leave Bitcoin about 3% from the $60,000 put, which carries $1.17 billion in open interest"
"78% of that call exposure is tied to strikes at $72,000 or higher. With less than a week until expiration, that type of concentration is typically less forgiving if price fails to climb quickly... a larger share of put exposure could remain relevant across a wider range of downside scenarios leading into settlement."