Over $1.8 billion in BTC and ETH options expire today, as the new Federal Reserve Chair is sworn in tonight

According to Deribit data, by 4:00 PM today, nearly 20.4k Bitcoin option contracts (nominal value of about $20.4k) are set to expire;

At the same time, Deribit exchange also has nearly 129.4k Ethereum option contracts (nominal value of $275 million) expiring.

As of now, the total open interest in Bitcoin options is 20,396 contracts, with a call/put ratio of 0.64, and the maximum pain point at $78,500, slightly above the current spot market trading price, indicating traders' short-term bullish outlook on Bitcoin options.

Meanwhile, the open interest in Ethereum call options is 129,367 contracts, with a call/put ratio of 0.90, and the maximum pain price at $2,200, above the current spot market trading price, also showing a short-term bullish outlook on Ethereum options.

In terms of open interest, Deribit exchange's open interest in Bitcoin call options near the $78k strike price generally exceeds that of put options. The most notable is the $80k call options close to the strike price.

On the same day, Ethereum call options with open interest generally exceed put options at the $2,300 strike price. However, within the strike prices below $2,250, traders tend to have a short-term bearish view on Ethereum options.

In summary, although options expiring this Friday are expected to have limited impact on the spot market price from the options market perspective.

But according to White House reports, Federal Reserve Chair Kevin Woor will be sworn in at 11 PM Beijing time tonight, which could trigger a new round of market volatility.

#比特币期权交割 #Ethereum options