🔥 BREAKING : $6.4 Billion in Bitcoin Options Expire Tomorrow—Here's What It Means $CLO
Deribit's Friday settlement covers nearly a fifth of the exchange's Bitcoin open interest, and max pain sits well below where BTC is trading right now.
About 81,700 Bitcoin options worth $6.44 billion expire on Deribit at 08:00 UTC Friday, split between 44,639 calls and 37,061 puts for a put-to-call ratio of 0.83.
Deribit's max pain level sits between $68,000 and $70,000, roughly $9,000 to $11,000 below Bitcoin's price near $79,000.
Call open interest is concentrated at the $75,000 and $80,000 strikes, with more than $500 million in notional sitting within 5% of spot price.
Deribit's Friday settlement covers nearly a fifth of the exchange's Bitcoin open interest, and max pain sits well below where BTC is trading right now.
About 81,700 Bitcoin options worth $6.44 billion expire on Deribit at 08:00 UTC Friday, split between 44,639 calls and 37,061 puts for a put-to-call ratio of 0.83.
Deribit's max pain level sits between $68,000 and $70,000, roughly $9,000 to $11,000 below Bitcoin's price near $79,000.
Call open interest is concentrated at the $75,000 and $80,000 strikes, with more than $500 million in notional sitting within 5% of spot price.
