Will Crypto Markets See New Peaks as $3.7B Bitcoin Options Expire Today?
Approximately 48,700 Bitcoin options contracts are expiring on Friday, Nov. 8, with a notional value of around $3.7 billion.
Today’s options expiry is much larger than last week’s following a period of increased volumes and volatility on markets, which have been boosted by Donald Trump’s presidential victory in the United States and the premise of a clearer regulatory environment.
Bitcoin Options Expiry
This week’s big batch of Bitcoin options contracts has a put/call ratio of 0.72, meaning that there are more long (calls) than short (puts) contract expiries. Additionally, open interest (OI), or the value or number of open options contracts yet to expire, is highest at the $80,000 strike price with $1.7 billion…
