BTC 3AUG26 — expiry Aug 3, about 6 hours remaining.
Max Pain ~63.5k — the settlement band that squeezes the most call/put buyers; tape sometimes magnets there into expiry.
Spot 63.3k is glued to Max Pain 63.5k — chop into expiry is likely.
OI roughly 1950 contracts, OI is thin; more of a sentiment reference.
Vol can expand into the roll — size down directional bets; spot may tug around Max Pain.
OI and Max Pain move; don't treat either as gospel.
#BTC #OptionsExpiry
Max Pain ~63.5k — the settlement band that squeezes the most call/put buyers; tape sometimes magnets there into expiry.
Spot 63.3k is glued to Max Pain 63.5k — chop into expiry is likely.
OI roughly 1950 contracts, OI is thin; more of a sentiment reference.
Vol can expand into the roll — size down directional bets; spot may tug around Max Pain.
OI and Max Pain move; don't treat either as gospel.
#BTC #OptionsExpiry