Deribit Data: Over $17.3 Billion in BTC and ETH Options Expire This Friday
According to official data from Deribit, the market will face nearly $17.317 billion in BTC and ETH options expiring this Friday (Beijing time, June 27, 16:00).
Latest data shows that the total open interest for Bitcoin options this Friday is 141,205 contracts. Among them, the open interest for call options is 81,884 contracts, the open interest for put options is 59,322 contracts, and the put/call ratio is 0.72, corresponding to a notional value of nearly $15.046 billion, accounting for over 38% of the total notional value of open interest (which is $39.282 billion), with the maximum pain price at $102,000.
For Ethereum options this Friday, the total open interest is 932,098 contracts. Among them, the open interest for call options reaches 617,223 contracts, the open interest for put options is 314,875 contracts, and the put/call ratio is 0.51, corresponding to a notional value of nearly $2.271 billion, accounting for over 35% of the total notional value of open interest (which is $6.46 billion), with the maximum pain price at $2,200.
Overall, the current trading of BTC and ETH call options (bullish options) is significantly higher than that of put options (bearish options), indicating a clear bullish expectation in the overall market.
Additionally, according to Lin Chen, Head of Business Development for Deribit Asia, nearly 20% of the expiring call options are in-the-money, indicating that call option buyers have performed well during this period, which aligns with the ongoing weekly net inflow trend of BTC ETFs.
However, in-the-money call option holders have realized profits, which may lead them to choose to lock in gains or hedge positions as the expiration date approaches, potentially exacerbating market volatility; nonetheless, they may also extend positions to the next expiration date.
Therefore, investors should closely monitor market dynamics, conduct risk assessments, consider employing diversified strategies, and consult professional financial advisors when necessary to optimize investment decisions.
Finally, based on the performance of the options market, the ongoing weekly net inflow phenomenon in the ETF market, and the potential impact of the current tensions in the Middle East, how would you optimize your investment strategy?
