Summary of Article:
- Options expiring on May 26 for Bitcoin and Ethereum have a notional value of $3.6 billion.
- Bitcoin has 0.38 Put Call Ratio with a max pain price of $27,000.
- Ethereum has 0.49 Put Call Ratio with a max pain price of $1,800.
The crypto market is due for some short-term volatility as over $3.6 billion worth of options are set to expire on May 26. Of this total, roughly 85,000 Bitcoin options and approximately 700,000 Ethereum options will be expiring that day. This puts an estimated notional value of around $2.3 billion for the Bitcoin contracts and just over $1.3 billion for the Ethereum contracts. According to Deribit data as of May 23, Bitcoin has a 0.38 Put Call Ratio with a max pain price of $27,000; meanwhile, Ethereum has a 0.49 Put Call Ratio with a max pain price of $1,800.
Expiring Options on Bitcoin (BTC)
According to Deribit data as of May 23, there are roughly 85,000 options awaiting expiry on May 26 in relation to Bitcoin–putting an estimated notional value around $2.3 billion for the contracts up for expiration that day alone–with a 0.38 Put Call Ratio and max pain price at $27,000 according to the same source’s report as well as other external sources such as TradeBlock’s Max Pain Calculator tool (which uses open interest data).
Expiring Options on Ethereum (ETH)
There are approximately 700k Etheruem options awaiting expiry on May 26 according to Deribit data from May 23–putting its estimated notional value at just over 1.3 billion–with a 0.49 Put Call Ratio and max pain price at 1,800 USDT according to the same sources mentioned above regarding BTC options expiration date information and data points such as open interest levels etc..