Friday 08:00 UTC, 15% of all BTC option gamma on Deribit expires.
Right now the board carries $554.2M of hedging per 1% move: calls $286.8M, puts $267.4M. The heaviest single strike is $80,000 at $88.7M, sitting just under the price. The Oct-30 monthly holds the biggest slice, 36.5% of all the gamma.
After Friday, 15% of that hedging flow is gone and Oct-30 carries more of the weight. The chart is our own snapshot of the whole Deribit board.
Right now the board carries $554.2M of hedging per 1% move: calls $286.8M, puts $267.4M. The heaviest single strike is $80,000 at $88.7M, sitting just under the price. The Oct-30 monthly holds the biggest slice, 36.5% of all the gamma.
After Friday, 15% of that hedging flow is gone and Oct-30 carries more of the weight. The chart is our own snapshot of the whole Deribit board.