In fact, the put-call biases, which measure the cost of put options relative to call options, show that put options commanded a higher price than call options at all time periods, including the six-year expiration. months. Traders have been buying exits of late. “We have also seen strong demand for low delta puts, especially in ETH, across expiries up to December, with peaks as low as 1.000. This also provided a demonstration of the delay of the ETH merger,” QCP Capital said. , from Singapore, in a Telegram broadcast.