Ethereum
$1.96 Billion in Bitcoin and Ethereum Options to Expire Today
Today, approximately $1.96 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, creating significant anticipation in the crypto market.
Crypto Options Expiration Can Usually Result in a Noticeable Price volatility. Therefore, traders and investors are closely monitoring the developments of today’s expiration.
Historical trends signal rebound as crypto options near expiration
Today expired bitcoin options have a notional value of $1.27 billion. These 19,712 expiring contracts have a put-to-call ratio of 0.46 and a maximum sweet spot of $66,500.
Expired Bitcoin Options. Source: Deribute
In the context of options trading, the maximum pain point represents the price level causing maximum financial pain to option holders. At the same time, the put-to-call ratio suggests a predominance of calls over put options.
On the other hand, Ethereum has 197,068 contracts with a notional value of $693.37 million. These expiring contracts have a put-to-call ratio of 0.30 and a maximum pain point of $3,500.
Learn more: An Introduction to Crypto Options Trading
Greeks.Live analysts noted an increase in futures options volume, particularly in block calls. Despite high realized volatility (RV), implied volatility (IV) remained stable. This situation indicates no major market movement is expected before quarterly delivery.
“The trend in the second quarter of this year has been weaker, which is consistent with historical experiences. The third quarter is generally difficult, with the end of the quarter often marking the market rebound,” Greeks.Live analysts declared.
Learn more: 9 Best Crypto Options Trading Platforms
This week, Bitcoin fluctuated between $64,258 and $66,782, while Ethereum traded in a range of $3,387 to $3,632. At the time of writing, Bitcoin is trading at $64,924, down 2.7% over the past seven days. Ethereum is trading at $3,526, an increase of 1.5%.
Although the expiration of options may result in temporary market disruptions, they generally lead to stabilization. Recent analyst reviews highlight historical patterns that traders can consider when strategizing their positions. Ultimately, traders must remain vigilant, analyzing technical indicators and Market Sentiment to effectively manage anticipated volatility.
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