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5 Billion Dollar Worth of Bitcoin and Ethereum Options Expiring Today: What Should Traders Expect
While Bitcoin BTCUSD is showing strength during the US session, traders and investors should expect volatility early in the European session on Friday, anticipating the expiration of options.
However, since the markets quickly adapt to new trading environments, this effect is likely to be short-lived.
Things Traders Need to Know About Today's Option Expiration
According to Deribit data, today options worth 5.03 billion Dollar for Bitcoin and Ethereum ETHUSD will expire. The nominal value of options expiring for Bitcoin is 4.3 billion Dollar and the total number of open positions is 36,970.
The maximum pain level for Bitcoin options with a Put-to-Call ratio of 1.06 today is 108,000 Dollar.