Deribit has approximately $2.86 billion in options expiring on November 6 at 16:00 Beijing time: $BTC and $ETH . Positions on the two sides are almost opposite. Bitcoin has a notional value of $2.64 billion, with a put/call ratio of 0.38. Call positions are concentrated at $82,000 and $85,000, and max pain is $79,000. Ethereum has a notional value of $224.5 million, with a ratio of 1.27. Puts outnumber calls, with a sizable concentration around $2,100; max pain is $2,350.
At the same expiry, one side is betting on a rally while the other is buying downside protection. Bitcoin’s notional is far larger than Ethereum’s, so the “bullish” characterization mainly reflects Bitcoin’s positioning and doesn’t represent the entire market.
After settlement at 16:00, what’s more worth watching is what happens to those calls between $82,000 and $85,000: will they be rolled over to next month or closed out?
#比特币期权 #以太坊期权 #Deribit
At the same expiry, one side is betting on a rally while the other is buying downside protection. Bitcoin’s notional is far larger than Ethereum’s, so the “bullish” characterization mainly reflects Bitcoin’s positioning and doesn’t represent the entire market.
After settlement at 16:00, what’s more worth watching is what happens to those calls between $82,000 and $85,000: will they be rolled over to next month or closed out?
#比特币期权 #以太坊期权 #Deribit