TechFlow news, October 22 — According to CoinDesk, approximately $4.2 billion in bitcoin options and $1 billion in ether options are set to expire this Friday at 08:00 UTC. Around $682 million (16.3%) of the bitcoin options are currently "in the money," mostly call options. This distribution is similar to the previous quarter's expiry pattern.
The current put/call ratio for bitcoin options stands at 0.62, indicating bullish market sentiment. Bitcoin’s max pain price—the strike price where the greatest number of options expire worthless—is $64,000, and the current trading price of around $67,000 is above this level. Notably, ether is currently trading at approximately $2,600, exactly at its max pain price.
Data shows that the current daily spot cryptocurrency trading volume is about $8.2 billion, while options trading volume reaches approximately $1.8 billion. Additionally, the U.S. Securities and Exchange Commission (SEC) has approved options linked to spot bitcoin ETFs. Jeff Park, Head of Alpha Strategies at Bitwise Invest, called the decision "revolutionary," expecting related options to begin trading in the first quarter of 2025.
