Bitcoin's been trading in the high-$70,000s through September, so every strike from $66,000 up to $78,000 is priced as a near-lock and carries almost no information. The live line is $80,000, sitting around 81%, with $82,000 the true fulcrum near even. What matters is that this resolves on September 22, a single-day snapshot, so a Fed rate decision or a sharp session can swing the middle strikes hard while leaving the tails untouched. Anyone trading $80,000 or $82,000 is really trading two days of volatility, not a thesis about crypto, and the $84,000-plus strikes are lottery tickets against a range that hasn't moved much.
Prices are probabilities — our guides cover how to read them, how markets settle, and how we find an edge.