Around 47,000 Bitcoin options contracts will expire on Friday, Oct. 24, and they have a notional value of roughly $5.1 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 sideways in the past several days.
The US government remains in a shutdown, and a delayed September CPI inflation report is due today, which could induce volatility, especially if it comes in hotter than expectations, currently 3.1%.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 1.03, meaning that long contracts and shorts are evenly matched. Max pain is around $114,000, according to Coinglass.
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $120k, $130k, and $140k, which have topped $2 billion at these strike prices on Deribit. There is also over $2 billion in OI at $100k targeted by short sellers.
Total BTC options OI acros
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