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Arbitrum (ARB) Put Options with a Strike Price of $16 Now Available

Web3 Station

21 Mar 2023 — 3 min read

Put options for Arbitrum (ARB) with a strike price of $2 are currently trading at $0.8 on the options marketplace Clober.

Put Options for ARB with a Strike Price of $16 Appear

The decentralized trading platform Clober has launched put options (PO) for Arbitrum’s ARB token, with strike prices set at $0.5, $1, $2, $4, $8, and $16. The product has attracted over $50,000 in trading volume within 24 hours of its launch on March 20.

$ARB $2 put options are sold for 54 cents rn.

By paying 54 cents, you can buy the right to sell your $ARB tokens for $2 at any time within 24 hours of claiming your $ARB airdrop.

That guarantees $1.46 of profit per $ARB on claim day. pic.twitter.com/7124NOA6BY
— Clober | Fully on-chain Orderbook as a Service (@CloberDEX) March 20, 2023

Clober Launches ARB Put Options with Strike Prices of $0.5, $1, $2, $4, $8, and $16

Interested in: What is Arbitrum (ARB)? - Detailed Information on ARB

An options contract is an agreement that gives investors the right to buy (Call Options) or sell (Put Options) an asset at a predetermined price within a specified period before the contract expires. The asset in question can be stocks, bonds, crypto, financial indices, etc.

#Hotbit has listed IOU Contract of #ARB which is trading at 10$, It's not an actual listing.

It's something like what you have seen before with PI Network listing, These exchanges are trying to scam you.

Please don't buy anything from here.

Houbi, and Gate can also list IOUs. pic.twitter.com/2SRkDRjl5X
— hitesh.eth (@hmalviya9) March 17, 2023

ARB put options will expire on March 24, one day after the airdrop claim date. Clober's announcement on March 20 stated:

“Put options for ARB at $2 are currently trading at $0.54. For just $0.54, you can secure the right to sell your ARB tokens at $2 anytime within 24 hours after claiming your airdropped ARB. This ensures a profit of $1.46 per ARB on March 23.”

💥 https://t.co/8kWqgEeplL $ARB Deposit Campaign is Live! Join to Share $20,000 Rewards Now! @arbitrum

End at 08:00 AM, Mar 28 UTC

To Enter
✅ Follow @gate_io
✅ Like & RT

🙌 JOIN NOW: https://t.co/V8wdKauaFK

⏰ Estimated Trading Time: Mar 23#Gateio #Newlisting #ARB pic.twitter.com/4T3GjQr0DP
— Gate.io (@gate_io) March 21, 2023

To celebrate the upcoming $ARB token launch, #Bybit collaborates with $GMX @GMX_IO to reward your support in Arbitrum ecosystem.

Find out more here: https://t.co/WO6PzlrsBt #TheCryptoArk #BybitSpot pic.twitter.com/z0Y1E8lDmu
— Bybit (@Bybit_Official) March 20, 2023

#Binance is listing @arbitrum $ARB.

➡️ https://t.co/6YOugDSXrU pic.twitter.com/jnamYKI71U
— Binance (@binance) March 20, 2023

As reported by Coin68, leading Layer-2 platform Arbitrum recently announced an airdrop schedule for early adopters on March 23, marking its transition to a fully decentralized autonomous organization (DAO). Since then, “Arbitrum” has become a hot topic in the media, and various price predictions for ARB’s launch day are beginning to emerge.

Additionally, exchanges of all sizes are rushing to confirm support for ARB. While Hotbit is issuing “IOU” tokens (I Owe You) as debt agreements with users, BitMEX is launching futures trading allowing investors to buy ARB before the claim period.

Major exchanges like Gate.io, MEXC, OKX, Bybit, Huobi, Kucoin, Bitget, and Binance have also scheduled listings for ARB. Most are set for the evening of March 23 (Vietnam time), with Binance listing ARB at midnight on March 24.

The IOU token for ARB on Hotbit has dropped more than 40% in the past 24 hours after peaking at $13.9.