CME session update.
115 000$ partially closed just closed right before the price drop — someone had a piece of their options portfolio at 115,000 strike level already squared away. Safe to say it was an experienced player who got out near the top 💡
The good news: "he" still have about 2/3 of the portfolio open at that 115K strike.
The bad news: nothing’s happened yet …
But here’s what Deribit is showing us......
👀 Observation : In the May 30 options series, the highest trading volume is concentrated between 110,000–120,000 strike levels — which makes sense given the current underlying price.
But here’s the twist: this isn’t so much new positioning as it is existing players selling off . Yep — those moves were definitely noticed. Some traders are locking in profits, even though we’re still 17 days out from expiry .
Overall, classic playbook:
Smart money lightens the load , while the not-so-smart money tries to pick up the pieces.
(Though let’s be honest — there’s way less "dumb money" in options than in spot markets 😉)
💡 Sentiment remains Bullish, but correction is prevailing at the moment!
🎯 No Valuable Data, No Edge!
115 000$ partially closed just closed right before the price drop — someone had a piece of their options portfolio at 115,000 strike level already squared away. Safe to say it was an experienced player who got out near the top 💡
The good news: "he" still have about 2/3 of the portfolio open at that 115K strike.
The bad news: nothing’s happened yet …
But here’s what Deribit is showing us......
👀 Observation : In the May 30 options series, the highest trading volume is concentrated between 110,000–120,000 strike levels — which makes sense given the current underlying price.
But here’s the twist: this isn’t so much new positioning as it is existing players selling off . Yep — those moves were definitely noticed. Some traders are locking in profits, even though we’re still 17 days out from expiry .
Overall, classic playbook:
Smart money lightens the load , while the not-so-smart money tries to pick up the pieces.
(Though let’s be honest — there’s way less "dumb money" in options than in spot markets 😉)
💡 Sentiment remains Bullish, but correction is prevailing at the moment!
🎯 No Valuable Data, No Edge!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.