Huge options bet shows how Wall Street is diving into crypto currency - ConsultFX

Huge options bet shows how Wall Street is diving into crypto currency

$1 million options bet Someone paid a $1 million premium for the option to buy 275 bitcoins for $50,000 each. The option expires December 28, 2018. If prices are below that threshold, the option expires worthless. With the premium, bitcoin will have to rise to $53,600 for the investor to make a profit. However, for every Copyright 2015 Forexlive.com