Options Market Sees Continued Bets on Upside Potential

According to Odaily, Wintermute's OTC trading head Jake Ostrovskis shared options market data on X, noting ongoing bets on upward movement. Overnight, $13 million was invested in call options expiring on February 27 at $100,000 and January 30 at $98,000. As the new year begins, the market is establishing new positions, with price trends suggesting a potential relief rally in the first quarter. Odaily explains that a relief rally typically occurs after sustained negative pressure, panic, or declines, driven by easing negative sentiment.