OTM Options Performance

How cheap out-of-the-money Bitcoin options performed after screening. Every entry is an expired option scored across six dimensions: gamma efficiency, vega efficiency, volatility regime, catalyst strength, cheapness, and liquidity.

In derivatives trading, cheap OTM options with high convexity per dollar are sometimes called “lottery tickets” for their asymmetric risk profile: small fixed loss (the premium) against large potential gain from gamma repricing or volatility expansion. Only expired options appear here. No forward-looking signals.