IBIT is showing put skew for the first time. Bitcoin products almost always carry call skew because of their tendency to rip higher fast. When the downside starts pricing richer than the upside four points out of the money, that is a fear signal worth watching. Mike Butler and Jermal Chandler break down what it means and why they still find $33 attractive. #tastylive #ibit #bitcoin #optionsskew #impliedvolatility #optionstrading #mathcheck #tastytrade tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it inte...