Around 25,000 Bitcoin options contracts will expire on Friday, May 15, with a notional value of roughly $2 billion. This event is small, so it is unlikely to have any impact on spot markets.
Crypto prices took a mid-week dip following the US inflation report, but have started to recover a little on Friday, with around $25 billion in total capitalization exiting since Monday.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.55, meaning that there are almost twice as many sellers of longs as shorts. Max pain is around $80,000, according to Coinglass, which is a little lower than current spot prices, so some could be out of the money on expiry.
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $80,000 strike price on Deribit, with $1.68 billion, but bears still have $1.2 billion in OI at $60,000. Total BTC options OI across all exchanges has been steadily climbing this month and i
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