Around 27,000 Bitcoin options contracts will expire on Friday, Mar. 13, with a notional value of roughly $1.9 billion. This event is smaller than usual, so it is unlikely to affect spot markets.
Crypto prices have been flat for most of this week, picking up a little on Friday, with total capitalization gaining $150 billion since Monday, but volatility and volumes have dwindled.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.97, meaning that the longs and the shorts are relatively evenly matched. Max pain is around $69,000, according to Coinglass, which is pretty close to current spot prices, so many could be in the money on expiry.
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $60,000 strike price on Deribit, with $1.7 billion in bearish bets. Total BTC options OI across all exchanges has been climbing this month, reaching $45.5 billion.
Crypto derivatives provider Greeks
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