Major Expiration of Bitcoin and Ethereum Options: 62,000 and 530,000 Respectively

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Major Expiry of Bitcoin and Ethereum Options
  2. Long-Term IVs for September
  3. Current Prices of Bitcoin and Ethereum


    4. A significant number of Bitcoin and Ethereum options expire today, which could impact the market.

    Major Expiry of Bitcoin and Ethereum Options

    According to the official announcement from Greeks.live, 62,000 Bitcoin options are set to expire today with a Put Call Ratio of 0.59, a Maxpain point of $61,000, and a notional value of $3.66 billion. Additionally, 530,000 Ethereum options are expiring with a Put Call Ratio of 0.49, a Maxpain point of $2,800, and a notional value of $1.34 billion. The weakness in Ethereum this month is evident, with the Maxpain point and the delivery price differing by over 10%.

    Long-Term IVs for September

    Long-term implied volatilities (IV) have risen this month, while short-term IVs have fallen, according to data from Greeks.live. Historical data show that September is generally a slightly flat-“weak to strong” month, and Q4 is expected to be favorable for the market. Additionally, many large players are starting to strategize for October.

    Current Prices of Bitcoin and Ethereum

    As of writing, Bitcoin is trading above $59,000, up by 0.2% in the past 24 hours. Last week, the price hit $61,000 before a correction. Ethereum is trading above $2,500, despite reaching higher levels earlier this week. Both assets have shown significant volatility this week.

    The expiration of a large number of Bitcoin and Ethereum options could have a considerable impact on the market. Investors should remain cautious and monitor price changes closely.

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