UTC-05:00,Sunday , August 25th 2019

Bitcoin Derivatives Which Cost $1M to Be Worthless

10:01 Thursday , December 06th 2018
The biggest-ever bet on Bitcoin options is about to expire worthless. Purchased for almost $1 million on LedgerX's trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of December 28, 2018. For the contracts to retain any value at expiry, Bitcoin would need to rally more than 1200%.
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