Crypto Options Expiry: The $10 Billion Comedy Show! 🎭💰

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Hold onto your wallets, folks! Today, we’ve got a whopping $10 billion in crypto options ready to kick the bucket! That’s right, approximately 80,000 Bitcoin options contracts are about to take a dirt nap, totaling a staggering $8.36 billion! And if that’s not enough to make your head spin, we’ve got around 600,000 Ethereum options contracts worth a cool $1.95 billion also biting the dust! 💸💀

So, what do we have here? Just two big ol’ crypto titans bringing the grand total to an eye-popping $10.3 billion! And don’t forget about those pesky altcoins trying to crash the party and add to the chaos! 🎉

This week, Bitcoin options contracts are strutting around with a put/call ratio of 0.68, which means more traders are feeling lucky than not! According to our friends at Deribit, the highest open interest strike price is at a jaw-dropping $120,000! That’s $2.4 billion just waiting to be juggled! And let’s not overlook the $1.65 billion lounging around at the $110,000 strike price, probably sipping piña coladas! 🍹

And just when you thought it couldn’t get any crazier, we’ve got around 600,000 Ethereum contracts also expiring today! With a notional value of $1.95 billion and a put/call ratio of 0.43, it’s like a circus in here! 🎪

What Are Bitcoin Options?

Now, when these contracts hit the expiration party, they might just cause a ruckus in the market! Traders usually prefer to adjust their positions instead of letting them go out with a whimper. So, grab your popcorn, folks, because this show is just getting started! 🍿

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2025-01-31 11:32