TechFlow News: On May 21, according to CoinDesk, approximately $6.25 billion worth of Bitcoin options contracts will expire on May 29. The $75,000 strike price hosts the largest put position by notional value—around $394 million—while the $80,000 strike price holds the largest call position, valued at approximately $532 million. The current maximum pain price stands at $75,000, roughly 3% below Bitcoin’s current price of $77,250. Data shows that a total of 80,535 contracts are set to expire, comprising 43,184 call options and 37,351 put options, yielding a Put/Call Ratio of 0.86—indicating the market remains moderately bullish overall.
Notably, the Bitcoin call option expiring on May 29, 2026, with a $82,000 strike price emerged as Thursday’s most actively traded single options product, with around 1,600 contracts traded and a notional value of approximately $126 million—suggesting some traders are betting on Bitcoin breaking out to the upside.
