👍👍This is Not Easy to Come Across in Bitcoin and Ethereum: Exceeding $10 Billion 👍👍

On the last Friday of November, a total of approximately $10.95 billion worth of Bitcoin (BTC)$BTC

and Ethereum (ETH) option contracts will expire.

According to data from Deribit, one of the exchanges, 98 thousand Bitcoin option contracts worth $9.48 billion will expire today. The put-call ratio of these options is determined as 0.84, while the max pain level is around $80 thousand.

Max pain is the strike price of the option contract with the most open and refers to the price that will cause the largest number of option holders to lose when the options expire. The put-call ratio shows the ratio between call options and put options in the market.

Apart from Bitcoin, 412 thousand Ethereum$ETH

option contracts with a total value of over $1.47 million are also expiring. The put-call ratio of these options is set at 0.75; the maximum pain level is set at $2,900.

As of the end of November, 20 percent of the total positions will expire, while this rate will increase to 40 percent in December. The expiration of year-end options could lead to position changes in the market and could particularly put pressure on implied volatility.

“While the market is currently in a very optimistic mood, institutional investors are observed to be cautious in the options market. This situation is causing institutions that remember the volatility at the end of 2020 to follow a more careful strategy,” commented derivatives analyst Greeks.live.

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