Bitcoin and Ethereum Options Contracts Worth Over $1.5 Billion Expire Today, Will It Move the Market?

Friday, August 23, marks another significant day for crypto options expiry, particularly Bitcoin and Ethereum contracts.

Another Friday, another round of crypto options expiring, specifically Bitcoin and Ethereum contracts.

This week’s event is smaller compared to last week, which might limit its effect on spot prices. Notably, the Bitcoin options have a put/call ratio of 0.83, meaning that long and short positions are relatively balanced, with a slightly higher amount of long positions.

The max pain point — where most losses occur — is around $60,000, which is close to current spot prices. Open interest is still notably high, especially at strike prices above $70,000, and even at $100,000.

Bitcoin options expiring on Aug. 23. Source: Greeks Live

As these Bitcoin options contracts near expiration, some Ethereum options are also approaching their deadline.

Around 140,000 ETH options, with a total value of $370 million, are due to expire, with a put/call ratio of 0.93 and a max pain point of $26,25.

Ethereum positions are leaning towards the bearish side, but overall market volatility has remained low.

Positions in weekly options are decreasing, accounting for less than 7% of the total market positions for the week.

Market volatility is trending lower, with crypto derivatives provider Greeks Live reporting a drop in historical volatility (RV) for cryptocurrencies.

The options market’s expectations for volatility are also decreasing, which could be partly due to the limited impact from this week’s macroeconomic events.

One of the key upcoming events is the Jackson Hole Central Bank Annual Meeting, which could provide further insight into the Federal Reserve’s future actions.

Despite the market remaining flat this week, the options data suggests consistent expectations ahead of these macro developments.

The above is the detailed content of Bitcoin and Ethereum Options Contracts Worth Over $1.5 Billion Expire Today, Will It Move the Market?. For more information, please follow other related articles on the PHP Chinese website!