Approximately 19,300 Bitcoin options contracts will expire on Friday, Jan. 10, with a notional value of around $1.8 billion.
This week’s expiry event is very similar to last week’s, which did not have any direct impact on spot markets. Bitcoin has been in retreat for the past few days following its latest foray into six-figure territory.
Bitcoin Options Expiry
This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.65, which means that there are more long (call) contracts expiring than short (put) contract sellers.
Open interest, or the value or number of options contracts yet to expire, is highest at the $120,000 strike price, with $1.48 billion in OI, according to Deribit. There is also over $1 billion in OI at the $100,000 and $110,000 strike prices, with speculators remaining relatively bullish.
“In terms of options data, short-term IVs (implied volatility) rebounded slightly but remained at low levels, with the market pricing in future volatility unchang
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