Bitcoin’s Largest Options Expiry to Take Place Tomorrow

The market is bracing for a mammoth Bitcoin options expiry

According to David Lawant of FalconX, Bitcoin is on track to experience the largest options expiry to date.

As noted by the anayst, there is a whopping $15 billion of option interest on the line. This sum represents 43% of the total current option interest. This expiry would also be three times larger than the one that took place last December.

When it comes to the strike distribution for the expiry that is going to take place on Friday, calls within the $90,000-$120,000 range are the largest positoins. Puts are trailing at $80,000-$90,000 strikes.

"The market typically favors BTC calls, but hedging demand has been rising," Lawant said.

Bitcoin is currently trading at $96,161, according to the latest CoinGecko data.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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Bitcoin’s Largest Options Expiry to Take Place Tomorrow

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