Around 44,000 Bitcoin options contracts will expire on Friday, Oct. 17, and they have a notional value of roughly $4.8 billion.
This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly in decline this week.
The US government remains in shutdown, and trade tariff tensions still loom, but the longer-term backdrop of ending quantitative tightening and increasing liquidity through rate cuts remains bullish for crypto.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.83, meaning that there are slightly more long contracts expiring than shorts, as the bears take control. Max pain is around $116,000, according to Coinglass.
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $140,000, which has reached $2.2 billion at this strike price on Deribit. There is also over $2 billion in OI at $125k and $120k, but short seller
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