Approximately 23,400 Bitcoin options contracts will expire on Friday, Dec. 6, in the first expiry event of December.
They have a notional value of $2.3 billion, which is about a quarter of last month’s massive options expiry event. The end of December’s year-end event is also set to be a huge one.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a max pain point of $97,000 and put/call ratio of 1.1, meaning that long (call) contract and short (put) contract sellers are evenly matched.
Open interest, or the value or number of options contracts yet to expire, is highest at the $100,000 strike price, with $2 billion in OI, but the $120,000 strike price is not far behind, according to Deribit.
“Nearly two weeks of options market data has been showing that market makers are more cautious, the impact of 100,000 plus today’s retracement so that the short-term IV (implied volatility) increased significantly, options are very suitable for the short-term game a
We współpracy z: https://cryptopotato.com/will-2-3b-bitcoin-options-expiry-accelerate-the-correction/
