Quote from: Trechometer on Today at 09:59:50 AM

Quote from: paramind22 on April 30, 2021, 06:56:34 PM

$3.6 Billion in Bitcoin Options Expire Friday April 30 2021

Does anyone have any information on how this is playing out in real time right now?

Excuse me if I am looking like a fool, but I am at the beginning in Bitcoin and all of cryptocurrencies.
What do you mean by Bitcoin options expire?
I have an account on Coinbase, BTC 0.00054......doesnt matter, i know. This will affect me somehow?
Thank you

"Options are financial derivatives. This means that the options market is dictated by the underlying asset – which, in this case, is Bitcoin. The overarching concept of options is as follows: By holding an options contract, you have the 'right', but not the 'obligation', to buy or sell the respective asset

There are two basic types of options, these are ‘call’ and put’ options. Call option holders have the opportunity to buy an asset at a fixed price within a certain time window, whereas put options have the opportunity to sell at a fixed price during a certain time window.

When buying Bitcoin options, investors pay a premium for the chance to buy or sell Bitcoin at a set price in future, essentially providing a clever way to long or short BTC, giving owners an opportunity to make gains in a declining market, and multiply their profits in a bull market."

from https://jeangalea.com/