Around 35,000 Bitcoin options contracts will expire on Friday, August 8, and they have a notional value of roughly $4.1 billion.
This expiry event is smaller than last week’s, so it is unlikely to be enough to influence spot markets, which have started to recover following news in the US that Donald Trump has allowed BTC in pensions.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 1.38, meaning that there are many more short contracts expiring than longs. There is also a max pain point of $115,000, around $2,000 below current spot prices, which is where most losses will be made on contract expiry.
Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $140,000, which has surged to almost $3 billion at this strike price on Deribit. There is also around $2.3 billion OI at $120,000 strike price as the bull speculators load up on contracts.
