One of the most interesting plays catching my eye lately is the $300,000 #Bitcoin call option expiring this June. It’s become a favorite among traders, almost like a lottery ticket — high risk, but potentially massive rewards if things go right.
This specific option, listed on Deribit, basically bets that $BTC will skyrocket to $300K by June 26. That’s more than triple its current price — a bold prediction, no doubt. And yet, over 5,000 contracts are already in play, representing nearly half a billion #dollars in notional open interest. It’s the second most popular option for June, just behind the $110K call.
What makes this even more notable is that June’s expiry is the biggest of the year so far, meaning this is when a lot of big-money decisions get made — hedging, profit-taking, and of course, speculative bets like this one.
Deribit, where this option is listed, dominates the crypto options market with more than 75% of global activity. Each contract on the platform equals one $BTC , and these quarterly expirations (like June 26) often lead to big swings and high volume.
It’s risky — like buying a lottery ticket — but in #crypto , sometimes the biggest wins come from the boldest plays.
