Bitcoin options contracts worth around $3.4 billion will expire on November 15th, which is similar in size to last week’s expiry. While markets have remained buoyant, analysts warn that a correction is likely following the largest rally in eight months. This week’s options contracts have a put/call ratio of 0.84, meaning more long (calls) than short (puts) expiries.
Open interest (OI) is high at the $80,000, $90,000, and $100,000 strike prices, which are all within the realms of possibility following this week’s pump.
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<p>The post Bitcoin Options Expiry: A Look at the $3.4 Billion Event and Market Expectations first appeared on CoinBuzzFeed.</p>
