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      Analysis: Nearly $16 Billion in BTC Options Expire This Friday, Put/Call Open Interest Ratio at Just 0.69

      PANews reported on September 23, citing CoinDesk, that approximately $15.9 billion in BTC options and $2.1 billion in ETH options will expire at 8:00 (UTC) on September 25, with the expiring BTC options accounting for roughly 37% of Deribit's current total BTC open interest of $43.5 billion.

      Deribit CEO Luuk Strijers said call options dominate open interest in this quarterly contract, with a Put/Call open interest ratio of 0.69, indicating the market had mainly been betting on price increases. Currently, about 55% of the roughly $9.4 billion in calls are in the money, and the max pain point for BTC options is $75,000. Strijers said that after settlement, as market maker hedging and gamma effects fade, BTC short-term volatility may rise and the market trading range may be readjusted.


      Source: PANews
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