Over $2.2B worth of options for Bitcoin set to expire on May 26

by Derek McKinney | Posted on

Quick Take

  • Bitcoin has approximately 85,000 options awaiting expiry on May 26, according to Deribit data as of May 23.
  • The leading crypto currently has a 0.38 Put Call Ratio, whereas the maximum pain point is near the $27.0K mark.
  • Converting the contracts in dollars results in a substantial figure. The BTC contracts up for expiry are valued at around a staggering $2.2B.
  • Ethereum has a Put Call Ratio of 0.49, with approximately 700,00 options expiring on May 26, according to Deribit data as of May 23.
  • This puts a notional value of just over $1.2B, with a max pain price of $1,800.
  • Short-term volatility is expected for both BTC and ETH price action and will have a ripple effect on the entire industry.
Options Expiry: (Source: Deribit)
BTC Options Expiry: (Source: Deribit)
ETH options expiry: (Source: Deribit)
ETH options expiry: (Source: Deribit)

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