Around 18,000 Bitcoin options contracts will expire on July 5 with a notional value of around $1 billion.Today’s batch of BTC derivatives has a put/call ratio of 0.65, meaning that almost twice as many long contracts are expiring as shorts .
There is still a lot of open interest at higher strike prices with $532 million at $90,000 and $665 million in OI at $100,000,“Just after the quarterly delivery, the market saw huge volatility, with major term IVs increasing significantly, a good opportunity for institutional sellers to build positions,” commented crypto derivatives solutions provider Greeks Live.
164,000 ETH options are due to expire with a Put Call Ratio of 0.36, a Maxpain point of $3,350 and a notional value of $470…In addition to the expiring Bitcoin options, there are 164,000 Ethereum options due to expire. These have a put/call ratio of 0.36, a max pain point of $3,350, and a notional value of $470 million.Crypto markets have tanked to their lowest levels since late February with total capitalization falling 8.6% on the day to $2.08 trillion.
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