Record $14B Bitcoin Options Expiry Looms as Market Looks Highly Levered-Up
Friday's expiry represents 44% of the total expiry-wide open interest on Deribit, the largest ever in the exchange's history.
Options worth $4 billion are set the expire in-the-money.
Vol-of-vol indicates directional uncertainty ahead of the expiry, while the outlook is more bearish for ETH.
Just when you thought the year-end couldn't get any more intriguing, a significant options expiry is set to shake things up in this highly levered-up market.
Options are derivative contracts that give the purchaser the right to buy or sell the underlying asset at a preset price at a later date. A call gives the right to buy, and a put confers the right to sell.
