Around 20,000 Bitcoin options contracts are due for expiry on Friday, Sept. 20. These crypto derivatives have a notional value of around $1.26 billion.
Today’s options expiry is very similar in size to last week’s expiry event, which did not have much of an impact on crypto spot markets.
Next week’s expiry is an end-of-month and end-of-quarter event with more than $5.3 billion worth of Bitcoin contracts expiring.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.85, meaning that there are slightly more long (call) contracts expiring than shorts (puts), but they are quite closely matched.
Open interest, or the value or number of open options contracts yet to expire, is still high at strike prices of $70,000 and $75,000, with more than $700 million at both levels.
Moreover, there is an additional $848 million in OI at $90,000 and over a billion dollars on OI at the $100,000 strike price, according to Deribit.
Bitcoin OI by expiry. Sou
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