Bitcoin Traders Brace For $15B Options Expiry
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Bitcoin’s $15 billion options expiry puts rally to the test
More than one-third of Bitcoin options open interest on Deribit is tied to the Sept. 25 expiry. The put-to-call ratio is around 0.70, while large concentrations of call options are positioned at strike prices of $85,000, $90,000 and $100,000, Reuters reported. Bitcoin was trading around $84,000 on Thursday, leaving it well above the roughly $76,000 […] The post Bitcoin’s $15 billion options expiry puts rally to the test appeared first on azeriti…
Bitcoin arrives at a large maturity on derivatives. On Friday, September 25, approximately 182,000 BTC of options, representing $15.6 billion in notional value, will expire on Deribit. Calls dominate with 106,200 BTC, compared to 75,900 BTC of puts. The settlement comes as Bitcoin was evolving around $85,000 during the Deribit survey, well above the level of "max bread" set at $76,000. The Bitcoin article: $15.6 billion in options expire Friday …
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