Deribit will have Bitcoin options contracts worth over $14 billion expiring this Friday

ChainCatcher news, according to CoinDesk, Deribit exchange will have a total of 141,271 Bitcoin options contracts expiring this Friday, worth over $14 billion, accounting for more than 40% of the total open interest, with 81,994 being call options and the rest being put options. The current ratio of Bitcoin put options to call options has risen to 0.72, partly driven by the "cash-secured put option" strategy.

Lin Chen, Head of Business Development for Deribit Asia, stated that nearly 20% of the expiring call options are in-the-money, indicating that call option buyers have performed well this period. The largest pain point for this expiration is $102,000. The latest market capital flow is neutrally skewed, with traders selling straddle options and selling call options with a strike price of about $105,000 and shorting put options with a strike price of $100,000 that expire on June 27. Price volatility is expected to tighten before expiration, and implied volatility remains high.