Bitcoin and Ethereum Options Contracts Worth $1.5B Expire Today, but the Market Is Calm

The annual central bank meeting in Jackson Hole, which begins today, is widely seen as the month's most notable macro event.

Options on Bitcoin (BTC) and Ethereum (ETH) approaching expiry as market remains calm.

Over $1.5 billion in options on BTC and ETH are set to expire this week.

The annual central bank meeting in Jackson Hole begins today, with investors awaiting news on potential interest rate cuts by the Federal Reserve.

This batch of BTC options, expiring on Deribit, totals over 18,440 contracts, down from last week's 24,383.

The maximum pain point for BTC options is $60,000, with a put-to-call ratio of 0.83. Maximum pain refers to the price level at which the highest number of options expire worthless.

Options on ETH, expiring on Deribit, amount to over $378.39 million, covering 141,410 contracts, compared to last week's 183,821.

The maximum pain point for ETH options is $2,625, with a put-to-call ratio of 0.92.

Analysts from Greeks.live note that macro events and data this week failed to spark significant market movements, leading to a continuous decline in cryptocurrencies' historical volatility (RV) and a gradual decrease in the options market’s volatility expectations.

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