Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Approximately $6.5 billion worth of Bitcoin and Ethereum options are scheduled to expire.
TRADING NEWS

Approximately $6.5 billion worth of Bitcoin and Ethereum options are scheduled to expire.

By Crypto FlexsNovember 24, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Approximately .5 billion worth of Bitcoin and Ethereum options are scheduled to expire.
Share
Facebook Twitter LinkedIn Pinterest Email

Over $6.51 billion worth of Bitcoin and Ethereum options are scheduled to expire on November 24, indicating that trading activity is likely to pick up.

A number of Bitcoin (BTC) and Ethereum (ETH) options are scheduled to expire on November 24, which could potentially impact market dynamics. This follows the US DOJ’s recent criminal charges against Binance and a hefty $4.3 billion fine.

In particular, approximately 108,000 BTC options are approaching expiration. The put-call ratio for these options is 0.83, indicating a slightly higher propensity for call options (betting on price increases) than puts (betting on prices falling).

The ‘biggest problem’ for these options is $33,000, which is the price level at which the collective holders of the option contract will experience the greatest financial loss. The total notional value of these BTC options is a whopping $4.04 billion.

November 24 Options Data
The 108,000 BTC options are scheduled to expire with a put-call ratio of 0.83, a maximum pain point of $33,000, and a notional value of $4.04 billion.
1.2 million ETH options are scheduled to expire with a put-call ratio of 0.71, maximum pain of $1,700, and notional value of $2.47. pic.twitter.com/fhrOpr6bnE

— (email protected) (@BTC__options) November 23, 2023

At the same time, approximately 1.2 million ETH options are also set to expire. The put-call ratio is 0.71, leaning more towards calls. The biggest problem with these ETH options is set at $1,700, with a notional value of $2.47 billion.

In options trading, it is important to understand the concept of ‘maximum pain’. The total value of options (both calls and puts) expiring on a specific date represents the price level that would result in maximum financial loss to the option holder. This concept is often used by traders to evaluate potential market movements with options close to their expiration date.

What does it mean?

When a BTC option is set to expire, it means that a contract has arrived that gives the holder the right, but not the obligation, to buy or sell Bitcoin at a predetermined price (strike price) by a specified date (expiration date). The validity period expires.

#Bitcoin Options seem to have a big impact. $BTC price!

🔥 Call options are dominating the options market as Bitcoin prepares for $3.8 billion worth of options to expire.

This dominance could have a major impact on BTC’s price trajectory going forward. pic.twitter.com/SeFjoANJmw

— Satoshi Club (@esatoshiclub) November 23, 2023

You must exercise these options on their expiration date or they become worthless. If the market price of Bitcoin is favorable compared to the exercise price, the option holder can exercise the option to purchase Bitcoin at this lower price. Conversely, if the market price is lower than the put option’s strike price, the holder can exercise the option to sell Bitcoin at a higher strike price.

The impending expiration of these options can result in increased trading activity and unpredictable price movements in the market. Traders and investors are closely monitoring these developments, especially in light of the recent legal action against Binance, which has already injected significant volatility into the market.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Licensed platform Cryptogames shows how promotions increase player winning potential.

May 31, 2025

Dow inch high, S & P 500 caps in May since 1990

May 30, 2025

INFINITE NODE posts a more detailed cryptopunks NFT book

May 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Gala Game introduces a discounted town star badge mystery pack.

May 31, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

Director Trezor: What is the best hardware wallet in 2025?

May 31, 2025

The BNB chain reports the growth of the Defi and AI sectors in the new initiative.

May 31, 2025

Bitcoin is still in a strong trend despite the loss of major support, Trader says. His view is as follows:

May 31, 2025

Ether Lee’s 50% Rally Setting vs. bitcoin spark Alt Season Hope

May 31, 2025

Licensed platform Cryptogames shows how promotions increase player winning potential.

May 31, 2025

From Solana, FOMO to Fallout: What is the following after 11.5% of SOL?

May 31, 2025

Global Telecom Giants performs nvidia for sovereign AI infrastructure.

May 31, 2025

XY Miners starts mining free Bitcoin, explores the charm of cloud mining, earning $ 3,000 a day.

May 31, 2025

Strape has an initial conversation with the bank about using Stablecoin.

May 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Gala Game introduces a discounted town star badge mystery pack.

May 31, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

Director Trezor: What is the best hardware wallet in 2025?

May 31, 2025
Most Popular

Cryptocurrency price prediction: Floki, BitBot, Arweave

May 20, 2024

How to Make or Lose Hundreds of Dollars by Betting Cryptocurrency on Your Fitness Goals

February 21, 2024

Why did the XRP price drop today?

August 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.