Over $17 Billion Bitcoin and Ethereum Options Set to Expire Today
Put/Call: 0.52
The crypto market will witness over $17.27 billion in Bitcoin and Ethereum choices agreements end today. Ethereum’s ending options total 938,551 agreements, up from 224,509 agreements the previous week. Source: Deribit Notably, the big distinction in between today’s ending choices and last week comes as the June 27 agreements are for the month. For the expiring Bitcoin options, the maximum pain price is $102,000, and the put-to-call ratio is 0.75.
Max Pain: $102K $ETH: $2.3 B notional
The crypto market will witness over $17.27 billion in Bitcoin and Ethereum alternatives agreements expire today. With Bitcoin choices valued at $14.98 billion and Ethereum at $2.29 billion, traders are bracing for potential volatility. For the expiring Bitcoin options, the optimum discomfort cost is $102,000, and the put-to-call ratio is 0.75. The optimum pain point is an essential metric in crypto alternatives trading that often guides market behavior. Based on the Max Pain Theory, property costs tend to gravitate toward their respective max pain or strike rates as the alternatives near expiration.
