APE Traders Make Bold Moves in PowerTrade's Altcoin Options Market

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Open interest, or the number of active APE options contracts, surged by over 800% to 263,000 ($394.5K) in one day, PowerTrade told CoinDesk Monday, adding that call options or derivatives, offering an asymmetric upside potential, account for over 80% of the tally. Call buyers are implicitly bullish on the underlying asset.

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