$730M Worth Of BTC And ETH Options Expire On October 6th

October 5, 2023 - Around 2 mins mins to read

Key Points:

$730 million worth of BTC and ETH options expire on Friday, impacting market dynamics.

$730M worth of BTC and ETH options expire soon. Market sentiment, liquidity, and holiday factors influence crypto trends.

On October 6, the market is bracing for the expiry of a substantial number of options contracts. Specifically, 14,000 BTC options, valued at $400 million, and 200,000 ETH options, valued at $330 million, are set to expire.

BTC Options Data: There are 14,000 BTC options expiring with a Put Call Ratio of 0.89, a maxpain point of $27,000, and a notional value of $400 million.
ETH Options Data: Meanwhile, 200,000 ETH options are about to expire with a Put Call Ratio of 0.87, a maxpain of $1,650, and a notional value of $330 million.

BTC and ETH Options Expire

BTC has been driving the week’s uptrend, yet overall implied volatilities (IVs) have remained relatively subdued. Lower trading volumes during Asian hours due to holidays have contributed to this trend.

However, historical data shows that Q4, especially October, tends to be an uptrend season, offering hope for increased activity in the market.

Looking back at the September 29 options data, there were 118,000 BTC options with a Put Call Ratio of 0.58, a max pain point of $26,500, and a notional value of $3.2 billion.

Additionally, 1.11 million ETH options were expiring with a Put Call Ratio of 0.46, a max pain point of $1,650, and a notional value of $1.8 billion.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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