BTC options expiring Aug 9 (9AUG26) — roughly 8h left.
Max Pain ~64.5k — the settlement band that squeezes the most call/put buyers; tape sometimes magnets there into expiry.
Spot 65k > Max Pain 64.5k; downward magnet into expiry isn't off the table.
OI roughly 2200 contracts, light OI — limited traction.
Final-hour wicks are common; skip chasing extremes until Max Pain absorption shows up.
OI and positioning still shift into expiry — size accordingly.
#BTC #OptionsExpiry
Max Pain ~64.5k — the settlement band that squeezes the most call/put buyers; tape sometimes magnets there into expiry.
Spot 65k > Max Pain 64.5k; downward magnet into expiry isn't off the table.
OI roughly 2200 contracts, light OI — limited traction.
Final-hour wicks are common; skip chasing extremes until Max Pain absorption shows up.
OI and positioning still shift into expiry — size accordingly.
#BTC #OptionsExpiry