Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
A bias for selling options indicates expectations for continued volatility lull.That's the message from the order flow in the bitcoin and ether options market, which shows a bias for selling options, a strategy aimed at profiting from low volatility or price turbulence.
Options are derivative contracts that offer the purchaser the right to buy or sell the underlying asset at a preset price at a later date. A call provides the right to buy and a put offers the right to sell. Ask price is the price at which the seller is ready to sell and bid is the value at which the buyer is ready to purchase.
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