March 22, 2022

Crypto Options Trading – The Next “Big Thing”?

Bitcoin just got a massive boost.

For the first time ever, a major bank in the U.S. carried out an OTC crypto options trade.

With the help of Galaxy Digital, Goldman Sachs was able to execute an OTC Bitcoin non-deliverable option, or an option that’s settled with cash at the maturity of the contract.

That’s a game-changer for Bitcoin.

The move now legitimizes digital currencies as stable enough for major firms to be a part of, it signals that crypto-assets have matured.  Plus, according to Damien Vanderwilt, Co-President, and Head of Global Markets at Galaxy Digital, a quoted by Fox, said the transaction is expected “to open the door for other banks considering OTC as a conduit for trading digital assets.” 

It could also open the floodgates to options tied to digital assets.  

In fact, Andrei Kazantsev, Goldman’s global head of crypto trading has already said he’s seeing good deal of demand for more derivative-type hedging.  “The next big step that we are envisioning is the development of options markets,” as quoted by Fox Business.

In short, we could be looking at a massive options-trading opportunity here.


The Dow is up 156 points to 34,592

The S&P 500 is up 12 points to 4,464.12

The NASDAQ is up 16 points at 14,386.75

Gold prices are down $7.60 at $1,928

Bitcoin is up about 4% to $42,932.70

Oil prices are down about 51 cents to $111.60

The VIX is down slightly to 23.25

Insider Buying – Desktop Metal (DM)

Keep an eye on DM. 

After dropping from a recent high of $9 to a low of $3.42, the stock is trying to push higher.  Helping, CEO Ric Fulop recently bought 128,850 shares for about $526,000.  

Earlier this month, as noted by, DM noted, “With record total revenue, organic revenue, and gross margins, the fourth quarter was an exceptional finish to a revolutionary year for Desktop Metal. We also recently commenced shipments of our flagship Production System P-50, a major milestone for Desktop Metal and the additive manufacturing industry.”

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