Wintermute OTC Head: Options Market Continues to Bet on Price Increase, Q1 May See a Relief Rally

According to Odaily, Jake Ostrovskis, Head of OTC Trading at Wintermute, posted options market trading data on X and stated: "Bets on the upside continue, with another $13 million invested overnight in $100,000 call options expiring on February 27 and $98,000 call options expiring on January 30. As the new year begins, the market is building new positions, and the price action suggests a possible relief rally in the first quarter."

Odaily note: A relief rally generally refers to a temporary upward movement in the market driven by the easing of negative sentiment, usually after a period of sustained negative pressure, panic, or decline.