Breaking Crypto News – Strategies for Traders During $2 Billion Options Expiry
Breaking Crypto News – With the expiration of over $2.06 billion worth of Ethereum (ETH) and Bitcoin (BTC) options today, the cryptocurrency market is bracing itself for volatility.
Today marks the expiration of about 20,276 Bitcoin options contracts. The notional value of these futures is $1.35 billion, and their put-to-call ratio is 0.49. This ratio indicates that buy options (calls) are more common than sell options (puts) in the context of cryptocurrency options trading. The maximum pain point for these expiring Bitcoin options is $68,500. This denotes crucial thresholds for market participants and indicates the price level at which option holders will suffer the most financial losses.
Moreover, 201,647 Ethereum contracts are scheduled to expire simultaneously. Deribit’s data indicates that these contracts have a maximum pain point of $3,600 and a notional value of $709.76 million. The information also reveals that these options have a 0.36 put-to-call ratio.
This Week is Crucial for Macroeconomics
Adam, a macro researcher at Greeks.Live, an options trading platform, provided insights on the Bitcoin and Ethereum contracts that are expiring today. He underlined the significance of macroeconomics for the week.
This week is a big week for macroeconomics. Economic data is relatively favorable to the venture capital market. The US stock market has risen significantly, but the crypto market has performed poorly. Mainstream coins have fallen overall, and altcoins have fallen even more. There are fewer hot spots in the market recently, and the market is relatively quiet,
Adam
FAQ
What Happens When Options Expire?
In-the-money options are usually automatically executed at expiration, meaning the holder will purchase or sell the underlying asset at the strike price. The holder of an out-of-the-money option forfeits the premium they paid when the option expires worthless.
What is the Options Expiry?
Every option has a date of expiration, which is the point at which the agreement ends and becomes void.
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