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Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25

Coin Telegraph LogoCoin Telegraph2d ago

Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25 - Coin Telegraph

Quick Summary:

Bears are better positioned to profit roughly $215 million during November's Ether options expiry, putting pressure on ETH's price near a critical resistance level.

The issues started on Aug.8 after the lending firm cited a liquidity crisis and suspended withdrawals on the platform.Lastly, on Nov.22, United States senator Elizabeth Warren correlated the demise of the FTX exchange to subprime mortgages of 2008 and penny stocks used for pump-and-dump schemes.

A broader view using the 1.44 call-to-put ratio shows a skewed situation with bullish bets (calls) open interest at $665 million versus the $460 million put (sell) options.


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Article Details

Author / Journalist: Cointelegraph By Marcel Pechman

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 21:17:03 (2 days ago)

News Timezone: GMT -5:00

Ranking: #323 (out of 2473 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 702 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 1917421

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 26 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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The story "Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25" was covered 2 days ago by Coin Telegraph, a news publisher based in United States.

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