Approximately $6.25 billion in Bitcoin options contracts are due to expire on May 29, with significant interest in the $75,000 and $80,000 strike prices. The $75,000 strike holds the largest put position, valued at $394 million, while the $80,000 strike has the largest call position, valued at $532 million. The current maximum pain price is $75,000, slightly below Bitcoin's current price of $77,250.
A total of 80,535 options contracts are set to expire, with a Put/Call Ratio of 0.86, indicating a mildly bullish market sentiment. Notably, the $82,000 call option expiring on May 29 has become the most actively traded, with 1,600 contracts traded, suggesting traders are betting on a potential bullish breakout.
$6.25 Billion in Bitcoin Options Set to Expire, Traders Eye $82,000 Calls
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
