Deribit Data: Over $2.25 Billion in BTC and ETH Options Expiring This Friday
On April 17, according to official data from Deribit, the market will face over $2.261 billion in cryptocurrency options expiring this Friday (April 18 at 16:00 Beijing time), with a total of 201,257 open contracts.
The latest data shows that as of this Friday, the total open contracts for Bitcoin are 23,450. Among them, the open contracts for Bitcoin call options are 12,171, and for put options, 11,278, with a put/call ratio of 0.93, a nominal value of up to $1.983 billion, and a maximum pain price of $82,000, indicating that there may be significant volatility around this pain price before this Friday.
As of now, the spot market price for Bitcoin is around $84,500, which is nearly a 3% fluctuation difference from the current options market maximum pain price.
On the same day, the total open contracts for Ethereum are 173,807. Among them, the open contracts for call options are 93,023, and for put options, 80,784, with a put/call ratio of 0.87, a nominal value of nearly $278 million, and a maximum pain price of $1,600.
As of now, the spot market price for Ethereum is consolidating around $1,602, close to the current options market maximum pain price.
In summary, investors and traders need to remain highly alert so that they can quickly and wisely adjust their positions in response to potential market fluctuations.
Do you think this options expiration will have an impact on the spot market? Will you use this as a reference and adjust your options position?
