According to @GreeksLive, over half of all options will expire on Friday, Dec 26, and rollover trades now dominate volume, making recent options data unreliable for directional trading signals. Source: @GreeksLive on X, Dec 25, 2025. According to @GreeksLive, puts made up about 30% of today’s block trades, but this is not a bearish signal because many deep out-of-the-money and in-the-money puts traded rather than true institutional positioning. Source: @GreeksLive on X, Dec 25, 2025. According to @GreeksLive, institutions are rolling positions early to mitigate pin risk into expiry, and selectively picking up leftover positions discarded by institutions can offer exceptional value at favorable prices. Source: @GreeksLive on X, Dec 25, 2025. According to @GreeksLive, significant negative slippage over the past two days means traders who use smart execution can secure better quotes during these rollover-driven flows. Source: @GreeksLive on X, Dec 25, 2025.

According to The Kobeissi Letter, a record 7.1 trillion dollars of options across stock indexes, ETFs, equity index futures, and single stocks are estimated to expire today, including 5.1 trillion dollars notional in S&P 500 options, highlighting an exceptional options expiration event that can move markets, source: The Kobeissi Letter. Cboe notes that large monthly and quarterly expirations often coincide with elevated intraday volatility and shifting liquidity due to dealer hedging and gamma positioning, which can impact SPX and related ETFs, source: Cboe. Traders should monitor SPX, SPY, and QQQ depth, spreads, and volatility measures around the open and close when expiration-related flows typically concentrate, source: Cboe. For crypto, Kaiko has documented periods of positive correlation between BTC and U.S. equities during high-volatility macro regimes, implying potential spillover risk into BTC and ETH on major equity options expirations, source: Kaiko. Crypto traders can track perpetual funding, open interest, and basis as positioning gauges to assess equity-to-crypto stress transmission during today’s flows, source: Binance Research.

According to @BullTheoryio, $7.1 trillion worth of US stock and ETF options expire today, marking the largest triple-witching event on record. According to @BullTheoryio, triple witching is a quarterly expiration that occurs on the third Friday of March, June, September, and December, concentrating expirations into a single session. According to @BullTheoryio, the day features three types of derivatives expiring on the same day, creating an unusually large notional roll-off in US equities and ETF options. According to @BullTheoryio, crypto-focused traders can treat today’s record US options expiry as a key calendar event to monitor alongside US market hours.

According to @CNBC, Morning Squawk highlights quad witching, Nike sliding, and updates on U.S. weed rules as key market drivers into the open, source: CNBC. Quad witching is the simultaneous expiration of stock index futures, stock index options, single-stock options, and single-stock futures, a setup that typically concentrates volume and can increase intraday volatility near the close, source: Cboe Global Markets. Heightened equity volatility around quad witching can transmit to crypto via risk sentiment, with research documenting stronger stock and crypto comovement since 2020, making BTC and ETH volatility tracking relevant for traders, source: International Monetary Fund. With Nike in focus, discretionary-sector flows and options positioning may see knock-on effects during expiration-driven hedging and rebalancing windows that can widen spreads and pressure liquidity, source: Cboe Global Markets. CNBC’s mention of weed rules flags potential catalysts for U.S. cannabis equities and related ETFs, making regulatory headlines a watch item for intraday momentum, source: CNBC. Trading implications include monitoring the open and last-hour liquidity, tracking options open interest and rolls, and adjusting order execution to avoid crowded expiration windows, source: Cboe Global Markets.

According to @StockMKTNewz, there are only 16.5 trading days left in 2025, signaling a compressed year-end window for positioning, rebalancing, and tax planning. Source: @StockMKTNewz on X, Dec 6, 2025. For U.S. securities, capital gains and losses are determined by the trade date within the calendar year, and the wash sale rule disallows claiming a loss if substantially identical stock or securities are repurchased within 30 days, shaping December execution timing. Source: IRS Publication 550 and IRS Form 8949 Instructions. Monthly options expiration occurs on the third Friday and can concentrate dealer hedging flows that influence equity index levels into year-end. Source: Cboe options expiration calendar and Cboe education materials. Crypto markets such as BTC and ETH trade 24/7, and research documents rising crypto–equity correlation, so year-end equity flows and OPEX can spill over into crypto volatility and liquidity. Source: International Monetary Fund research on increased crypto–equity co-movement, 2022. U.S. settlement shortened to T+1 effective May 28, 2024, changing operational timelines but taxes remain keyed to the trade date. Source: U.S. Securities and Exchange Commission final rule on T+1 settlement and IRS Publication 550.

According to @WatcherGuru, $15.4 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire today (source: @WatcherGuru on X, Nov 28, 2025). Large crypto options expirations are associated with concentrated hedging flows and short-term volatility around settlement on major venues such as Deribit, so traders often monitor spot moves, liquidity, and perp funding near the expiry window (sources: Deribit Knowledge Base; CME Group options education).

According to The Kobeissi Letter, $6.8 trillion worth of options on stock indexes, ETFs, equity index futures, and individual stocks are set to expire today, marking potentially the largest 'triple witching' options expiration on record (source: @KobeissiLetter, June 20, 2025). Traders should prepare for significant market volatility, as this convergence of expiries can trigger sharp moves in traditional markets, which historically have spillover effects on the cryptocurrency sector, including BTC and ETH. Heightened volatility in equities often leads to increased risk-off behavior or liquidity events, impacting crypto trading volumes and price action.

According to Evan (@StockMKTNewz), the US stock market will be closed on Thursday, and Friday marks options expiration (OPEX). These schedule changes can increase volatility and liquidity shifts, directly affecting cryptocurrency trading volumes and price movements, especially for BTC and ETH, as traders adjust their positions in response to reduced traditional market activity and OPEX-driven hedging. Source: Twitter (@StockMKTNewz, June 15, 2025).

According to Greeks.live, 139,000 BTC options are expiring with a Put Call Ratio of 0.49 and a Maxpain point of $85,000, indicating a notional value of $12.1 billion. This suggests a bullish sentiment as the Put Call Ratio is below 1, which often indicates more call options than puts. Additionally, 301,000 ETH options are set to expire with a Put Call Ratio of 0.39 and a Maxpain point of $2,400, totaling a notional value of $2.13 billion. The lower Put Call Ratio for ETH also suggests a bullish outlook, as traders are potentially expecting a rise in prices.

According to Crypto Rover, $1.83 billion in Bitcoin options and $260 million in Ethereum options are set to expire today, which is expected to cause significant volatility in the cryptocurrency markets. Traders should prepare for potential price swings as these expirations could influence market dynamics, leading to increased trading activity and potential shifts in pricing. This event represents a substantial portion of the options market, and its impact will be closely watched by market participants.

According to GreeksLive, the discussion around the largest Bitcoin ($BTC) options expiration has become a trending topic on Twitter, attracting both perpetual traders and general users. They caution that the concept of 'max pain' does not necessarily imply that the price of Bitcoin will fall to the max pain point. Instead, they humorously suggest that the feeling of max pain is akin to being an Ethereum ($ETH) holder.

According to Greeks.live, the largest Bitcoin options expiration has become a trending topic on Twitter, attracting significant discussion among perpetual traders and general investors. The concept of 'max pain' is highlighted, noting that it does not necessarily indicate a drop in Bitcoin's price to that level. Additionally, the notion of 'max pain' is humorously described as the experience of being an Ethereum holder.