According to Deribit, on May 16, over $3.1 billion in Bitcoin and Ethereum options are set to expire. BTC options have a notional value of $2.66 billion, with a Put/Call ratio of 0.99 and a max pain point at $100,000. ETH options are valued at $525 million, with a Put/Call ratio of 1.24 and a max pain point at $2,200.