📊 Deribit Options Insight! 💼🔍 Lin Chen, Asia Business Development Manager at Deribit, shares insights with CoinDesk. He notes that Bitcoin and Ethereum (ETH) put options expiring on the 25th at 17:00 KST are predominantly in-the-money. An in-the-money put option indicates the underlying asset's market price is higher than the option's strike price. Holders of 25-day BTC and ETH put options can profit by selling the underlying asset above market price. This is because BTC and ETH prices are currently below the 'Max Payne' price of August options. For a 25-day BTC option, the Max Payne price is $28,000, while for ETH, it's $1,800. On the 25th, Deribit expects 72,000 BTC option contracts worth $1.9 billion and 535,000 ETH option contracts worth $893 million to mature and settle. 📈💰 #DeribitOptions #CryptoInsights #OptionsMarket

🚀 Crypto Alert! Deribit Options Expiry: Prepare for Market Moves 📊💼
Traders, mark your calendars! This Friday at 8 AM UTC, a significant event is on the horizon as 177,000 Bitcoin options on Deribit, amounting to a staggering $7.65 billion, are set to expire.
📈 Key Details:
- Options Expiry: A whopping 177,000 BTC options on Deribit.
- Notional Value: The total value of these options is an impressive $7.65 billion.
- Max Pain Price: The anticipated point at which the options market inflicts the most financial pain on the maximum number of traders is at $33,000.
- Put/Call Ratio: The put/call ratio stands at 0.66, providing insights into the distribution of bearish and bullish sentiment.
📢 Stay Alert! Tips for Traders:
- Volatile Period Ahead: Options expiries often coincide with increased market volatility, so brace yourself for potential price movements.
- Max Pain as a Guide: Keep an eye on the max pain price as it may influence market behavior.
- Put/Call Ratio Insight: The put/call ratio offers a snapshot of the prevailing sentiment among traders.
👀 Keep a Sharp Eye: As the options expiry approaches, vigilant monitoring of the market is advised. Market reactions to such events can offer valuable insights for informed trading decisions.
🚨 Stay tuned for live updates and reactions as the market responds to this significant options expiry on Deribit! 💹📆 #CryptoTrading #OptionsExpiry #DeribitOptions #BTC #ETH 🚀