$1.67 Billion in Bitcoin and Ethereum Options Poised to Expire Amid Bullish Signals
The post $1.67 Billion in Bitcoin and Ethereum Options Poised to Expire Amid Bullish Signals appeared on BitcoinEthereumNews.com.
A significant event is on the horizon for and that has both traders and analysts on the edge of their seats. According to a recent tweet from Greeks.live, a notable financial analytics firm focused on cryptocurrency markets, an enormous volume of cryptocurrency options is set to expire soon. This event encompasses 21,000 Bitcoin options and 200,000 Ethereum options, representing a notional value of approximately $1.67 billion. The upcoming expiry could have substantial implications for the market, given the current dynamics and recent price movements. The Bitcoin options set to expire boast a Put/Call Ratio of 0.9, with a Maxpain point pegged at $46,000. The Maxpain point is the price level at which the largest number of options (both puts and calls) would expire worthless, minimizing the payout for option holders and potentially maximizing the profit for option writers. Feb. 16 Options Data21,000 BTC options are about to expire with a Put Call Ratio of 0.9, a Maxpain point of $46,000 and a notional value of $1.1 billion. 200,000 ETH options are about to expire with a Put Call Ratio of 0.62, Maxpain point of $2,400 and notional value of $570… pic.twitter.com/JMeJXfjr6p — Greeks.live (@GreeksLive) February 16, 2024 With a notional value of $1.1 billion, the impact of this expiry could be significant, particularly as Bitcoin has recently seen a surge in price, topping $52,000. This represents a 20.64% increase over the last 30 days, although the price has slightly dipped by 0.54% to $51,956. Ethereum’s upcoming options expiry is also noteworthy, with 200,000 ETH options nearing their expiry date. These options have a Put/Call Ratio of 0.62 and a Maxpain point of $2,400, with a notional value of $570 million. Ethereum’s market dynamics are also similar to Bitcoin’s as ETH price has topped $2,800. Moreover, the implications of this options…
Filed under: News - @ February 16, 2024 7:26 pm