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Deribit to See Over $14 Billion Worth of Bitcoin Options Contracts Expire This Friday
Summary: According to reports, Deribit exchange will see a total of 141,271 Bitcoin options contracts expire this Friday, worth over $14 billion, accounting for over 40% of the total open interest. Of these, 81,994 are call options, with the rest being put options. The current put-to-call ratio for Bitcoin has risen to 0.72, partly driven by ...
According to reports, Deribit exchange will see a total of 141,271 Bitcoin options contracts expire this Friday, worth over $14 billion, accounting for over 40% of the total open interest. Of these, 81,994 are call options, with the rest being put options. The current put-to-call ratio for Bitcoin has risen to 0.72, partly driven by the 'cash-secured put options' strategy. Lin Chen, Head of Deribit's Asia business development, stated that nearly 20% of expiring call options are in-the-money, indicating a strong performance for call option buyers this cycle. The biggest pain point for this expiration is at $102,000. The latest market fund flows are neutrally skewed, with traders selling straddle options and selling call options with a strike price around $105,000 expiring on June 27, as well as shorting put options with a strike price of $100,000. Price volatility is expected to tighten leading up to the expiration, with implied volatility remaining high.
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Link: Deribit to See Over $14 Billion Worth of Bitcoin Options Contracts Expire This Friday [Copy]
