Bitcoin Call Options Target $115,000 Amid Hedging Strategies

About $1.85 billion in December Bitcoin call options are targeting prices of $115,000 and above. However, according to NS3.AI, much of the $6 billion total open interest likely reflects hedging or neutral strategies. Data from Laevitas indicates that six-month put options are trading at a 9% premium compared to equivalent calls, suggesting moderate downside concern among professional traders.