A large options expiry says less about direction than about where pinning pressure sits. Heavy open interest around a strike tends to pull price toward it into the date, then stops pulling once it passes.
The practical read is that moves into an expiry are often less informative than the ones that come just after it.
$BTC is at $85,738, roughly flat, having tagged $87,279 before easing back inside an $85,462 to $87,279 range on $1.69B of volume.
Do you position around a big expiry, or wait for the other side of it? #$14BBitcoinOptionsExpireFriday $BTC
The practical read is that moves into an expiry are often less informative than the ones that come just after it.
$BTC is at $85,738, roughly flat, having tagged $87,279 before easing back inside an $85,462 to $87,279 range on $1.69B of volume.
Do you position around a big expiry, or wait for the other side of it? #$14BBitcoinOptionsExpireFriday $BTC
