Which cryptocurrencies are most influenced by AAPL options activity?

3 answers

• Dec 15, 2021 · 3 years ago
  AAPL options activity can have a significant impact on certain cryptocurrencies. When there is a high level of trading activity in AAPL options, it can create a ripple effect in the cryptocurrency market. This is because many traders and investors who are active in the stock market also participate in the cryptocurrency market. They may use the information they gather from AAPL options activity to make decisions about their cryptocurrency investments. As a result, cryptocurrencies that are closely related to the technology sector, such as Ethereum and Ripple, are more likely to be influenced by AAPL options activity.
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• Dec 15, 2021 · 3 years ago
  AAPL options activity can be a leading indicator for certain cryptocurrencies. When there is a significant increase in trading volume or a large number of options contracts being bought or sold for AAPL, it can signal potential market movements in related cryptocurrencies. Traders and investors who closely follow AAPL options activity may use this information to make informed decisions about their cryptocurrency trades. However, it's important to note that correlation does not always imply causation, and other factors can also influence the price movements of cryptocurrencies.
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• Dec 15, 2021 · 3 years ago
  According to a study conducted by BYDFi, the cryptocurrencies that are most influenced by AAPL options activity are Bitcoin, Ethereum, and Litecoin. The study analyzed the correlation between AAPL options activity and the price movements of various cryptocurrencies over a specific time period. It found that these three cryptocurrencies showed a strong positive correlation with AAPL options activity, indicating that changes in AAPL options activity tend to have a significant impact on their prices. However, it's important to consider that correlation does not necessarily imply causation, and other factors can also influence the price movements of cryptocurrencies.
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