APE Traders Take Bold Moves in PowerTrade’s Altcoin Options Market

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By Maya Cantina

Open interest, or the number of active APE options contracts, jumped more than 800% to 263,000 ($394.5,000) in one day, PowerTrade told CoinDesk on Monday, adding that options d Purchase or derivative products, offering asymmetric upside potential, represent more than 80%. of the count. Call buyers are implicitly bullish on the underlying asset.

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