Deribit Adding Options to Allow Bitcoin Traders to Bet on Rally to $120K, $140K

The folks at Deribit seem to believe that wagering on a Bitcoin price of $ 100,000 (BTC) is so early this month because the crypto derivatives exchange is on Friday, just hours before the leading cryptocurrency debuts Reached $ 25,000, contracts for $ 120,000 BTC announced with $ 140,000 added on Saturday morning.
A week ago last Thursday, Deribit made waves in the cryptocurrency industry by introducing call and put options at the strike price of $ 100,000, which expires on September 24, 2021.
Buying a $ 100,000 call is a bet that Bitcoin will rise above this level on or before September 24, 2021, making the "in the money" option.
When these options went live, BTC was in the middle of stunning new territory above $ 20,000, hitting a record high of $ 23,770 on the day that $ 100,000 went live.
Since then, after a brief hiatus, BTC has resumed its rally, hitting $ 25,000 for the first time on late Christmas Day. At the time of writing, BTC is trading at $ 25,716.52, up 6.11% over the past 24 hours.
It is not clear when these new calls and puts will expire.
UPDATED 12/26/20 at UTC 4:37 PM: Added updates with $ 140,000 option.
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Deribit adding options to allow Bitcoin traders to bet on rally on $ 120,000, $ 140,000
Deribit adding options to allow Bitcoin traders to bet on rally on $ 120,000, $ 140,000
Deribit adding options to allow Bitcoin traders to bet on rally on $ 120,000, $ 140,000
Deribit adding options to allow Bitcoin traders to bet on rally on $ 120,000, $ 140,000
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