$BTC was around $85.3k–$85.5k, so the $84,500 put was slightly out of the money at the time of the latest data. �
CoinMarketCap +1
For the Oct. 5 expiry, BTC options showed roughly 26.8% ATM implied volatility and about $45.8M put open interest across the expiry. �
btcrainbowchart.com
The $84,500 strike is important because BTC needs to fall below $84,500 at expiry for the option to have intrinsic value; the actual break-even depends on the premium paid.
With only a few days to expiry, time decay is significant. A BTC move lower can increase the put's value, while staying above $84,500 can cause rapid premium erosion
#USSeptemberPayrollsAdd29KUnemploymentRises4.2% #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #NFPWatch
CoinMarketCap +1
For the Oct. 5 expiry, BTC options showed roughly 26.8% ATM implied volatility and about $45.8M put open interest across the expiry. �
btcrainbowchart.com
The $84,500 strike is important because BTC needs to fall below $84,500 at expiry for the option to have intrinsic value; the actual break-even depends on the premium paid.
With only a few days to expiry, time decay is significant. A BTC move lower can increase the put's value, while staying above $84,500 can cause rapid premium erosion
#USSeptemberPayrollsAdd29KUnemploymentRises4.2% #BitcoinFundingRateTriplesTo10% #XRPPostsFirstThreeGreenMonthsInQ3 #NFPWatch
