BTC & ETH Options Expiry: A Financial Farce!

Bitcoin (BTC), that sly fox, has leapt past the $120,000 mark, but beware! Today, Friday, October 3, a horde of $4.3 billion in Bitcoin and Ethereum options are set to expire, like a tragic opera with no happy ending. 🎭💸

The crypto markets, ever the drama queens, now face a new act of chaos, with volatility as unpredictable as a Parisian café waiter’s mood. 🌀

Over $4 Billion Bitcoin and Ethereum Options Expire Today: What Traders Should Expect

According to Deribit, Bitcoin leads the pack with $3.36 billion in options, while the max pain point-where dealers weep into their champagne-sits at $115,000. 🥂

The open interest (OI) for Bitcoin options is 27,962 contracts, and the put-to-call ratio (PCR) of 1.13 whispers of a slightly bearish plot. 🧛‍♂️

This PCR suggests a slightly bearish lean, with more puts (Sale options) than calls (Purchase contracts) in play. 📉

Ethereum, the quieter sibling, has $974.3 million in options, with a PCR of 0.93-neutral as a monk’s sigh. 🙏

Traders, ever the fools, watch the max pain level like a moth to a flame, hoping it won’t drag the price into chaos. 🕯️

With Bitcoin above $115,000, bullish traders may feel triumphant, but market makers lurk like shadows, ready to pull the price down. 🕵️‍♂️

This week’s expiry is a pale shadow of last week’s $21 billion disaster-though the drama remains as thick as a Parisian stew. 🍲

Traders Struggle in Extreme Chop As Ethereum Volatility Collapses

Analysts at Greeks.live call the market a “choppy price action” that’s harder to trade than a tightrope walker on a trampoline. 🎪

Traders are caught in a whirlwind, with 3% swings as common as a cab driver’s lies. 🚖

One particularly painful dynamic: short-dated options, which vanish like a magician’s rabbit. 🐇

“Options trading struggles – volatility whipsaw,” they wrote. 🌀

Ethereum’s options market, meanwhile, is a ghost town, with traders fleeing to Bitcoin’s spotlight. 🌟

Some sell ETH puts and BTC 120,000 calls, hoping for a stalemate. 🤝

Bulls cheer Bitcoin’s $120,000 return, but the expiry looms like a guillotine. 🗡️

Ethereum, meanwhile, is the forgotten child, left to wither without a catalyst. 🌾

Read More

2025-10-03 08:37