CME & Deribit Insights:Smart Money Takes Profits Ahead of ExpiryCME session update.
115 000$ partially closed just closed right before the price drop — someone had a piece of their options portfolio at 115,000 strike level already squared away. Safe to say it was an experienced player who got out near the top 💡
The good news: "he" still have about 2/3 of the portfolio open at that 115K strike.
The bad news: nothing’s happened yet …
But here’s what Deribit is showing us......
👀 Observation : In the May 30 options series, the highest trading volume is concentrated between 110,000–120,000 strike levels — which makes sense given the current underlying price.
But here’s the twist: this isn’t so much new positioning as it is existing players selling off . Yep — those moves were definitely noticed. Some traders are locking in profits, even though we’re still 17 days out from expiry .
Overall, classic playbook:
Smart money lightens the load , while the not-so-smart money tries to pick up the pieces.
(Though let’s be honest — there’s way less "dumb money" in options than in spot markets 😉)
💡 Sentiment remains Bullish, but correction is prevailing at the moment!
🎯 No Valuable Data, No Edge!
