BTC options expiring Aug 6 (6AUG26) — under 3h to settlement.
Max Pain ~63.5k — the settlement band that squeezes the most call/put buyers; tape sometimes magnets there into expiry.
Spot 64.6k is above Max Pain 63.5k — a drift lower can still punish longs.
OI roughly 2395 contracts, light OI — limited traction.
Vol can expand into the roll — size down directional bets; spot may tug around Max Pain.
These prints refresh live — use as a map, not a mandate.
#BTC #OptionsExpiry
Max Pain ~63.5k — the settlement band that squeezes the most call/put buyers; tape sometimes magnets there into expiry.
Spot 64.6k is above Max Pain 63.5k — a drift lower can still punish longs.
OI roughly 2395 contracts, light OI — limited traction.
Vol can expand into the roll — size down directional bets; spot may tug around Max Pain.
These prints refresh live — use as a map, not a mandate.
#BTC #OptionsExpiry