Will Markets Continue to Dump Amid $1.6B in Crypto Options Expiring Today?
Around 18,800 Bitcoin options contracts will be expiring on Friday, Oct. 11, with a notional value of around $1.1 billion.
Today’s options expiry is very similar to last week’s as implied volatility declines, and expiry events are now smaller. Therefore, it is unlikely to impact spot markets, which have been retreating this week.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.91, meaning that the amount of expiring long (call) contracts and shorts (puts) are more evenly matched. The max pain point, or level at which most losses will be made, is $62,000, around $1,500 higher than current spot prices.
Additionally, open interest (OI), or the value or number of open…
