A total of 141,271 bitcoin options contracts worth more than $14 billion will expire on the Deribit exchange this Friday, accounting for more than 40% of the total number of unpositioned squaring contracts, of which 81,994 are calls and the rest are puts. The current bitcoin put to call ratio rose to 0.72, in part due to the "cash-backed put" strategy.
Lin Chen, head of business development in Asia at Deribit, said that nearly 20% of expiring call options are in-the-money options, indicating that call option buyers are performing well this cycle. The biggest pain point for this expiration is $102,000. The latest market capital flow is neutral skew, with traders selling straddles and selling calls with a strike price of about $105,000 and short calls with a strike price of $100,000 at expiration on June 27. Price volatility is expected to tighten before expiration, and implied volatility remains high.
Deribit Expires Over $14 billion Worth of Bitcoin Options Contracts This Friday
2025-06-25 06:45:10
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