BTC and ETH Options Expiry Insights from GreeksLive
10/25/2024 7:06:13 AM
According to GreeksLive, on October 25, a significant amount of cryptocurrency options expired. Specifically, 63,000 Bitcoin (BTC) options expired with a Put Call Ratio of 0.66, indicating more call options than puts, and a Maxpain point of $64,000, suggesting this price level would cause the maximum financial loss to option holders. The total notional value of these BTC options was $4.26 billion. Similarly, 403,000 Ethereum (ETH) options expired with a Put Call Ratio of 0.97, showing a more balanced distribution between puts and calls, and a Maxpain point of $2,600, with a notional value of $1.02 billion. These data points are crucial for traders to assess market sentiment and potential price movements. (Source)
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