Bitcoin 'Call Writing' Back in Vogue as Cash And Carry Strategy Loses Shine

- Traders are back to selling higher strike, out-of-the-money bitcoin calls to generate yield. - The bitcoin futures premium has collapsed, weakening the appeal of the cash and carry arbitrage strategy. Writing or selling bitcoin (BTC) call options, one of the most favored yield-generating strategies a year or so ago, is back in vogue as the recent market swoon has dented the appeal of the cash and carry arbitrage. Selling a call option is a way of offering insurance to …