Options Trading

Robinhood posted stronger-than-expected second-quarter results and record revenue, but investors focused on a sharp decline in crypto trading revenue. The brokerage also highlighted new blockchain and AI trading products as it expands beyond its core retail trading business.

A major ether options position is targeting a sharp move in either direction before the July 24 expiry. The long straddle shows how sophisticated crypto traders are increasingly treating volatility itself as a tradable opportunity.

Bitcoin options traders are aggressively buying short-dated put contracts, signaling growing concern that the selloff could extend further. The bearish positioning points to downside targets near $52,000 as macro pressure builds.

More than $10.6 billion in bitcoin options will expire on June 26, making it the largest event on the calendar. With only about $2 billion currently in the money, most positions are sitting underwater.

Coinbase is widening its platform beyond crypto with stock and ETF trading, options, tokenized equities and pre-IPO futures. The exchange is also rolling out AI-powered advisory and consumer finance features as it pursues an everything exchange model.

Bybit has introduced options trading for Tether Gold, expanding access to a new way to hedge and speculate on gold prices. The products are settled in USDT and backed by Orbit Markets for liquidity support.