$ETH has $2.1B in options expiring on Friday across 777K contracts.
Max pain is around $2.25K, while the options book has about $1.32B in calls against $813M in puts.
Traders are positioned heavily between $3K and $4K.
ETH doesn’t need to reach those levels for the positioning to matter, but if momentum keeps building, that upside concentration could get very interesting.
Friday might be a lot more volatile than the expiry headline suggests, it might be less about the expiry itself and more about what happens when all that positioning gets tested. (NFA/DYOR)
Max pain is around $2.25K, while the options book has about $1.32B in calls against $813M in puts.
Traders are positioned heavily between $3K and $4K.
ETH doesn’t need to reach those levels for the positioning to matter, but if momentum keeps building, that upside concentration could get very interesting.
Friday might be a lot more volatile than the expiry headline suggests, it might be less about the expiry itself and more about what happens when all that positioning gets tested. (NFA/DYOR)
