Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
Expiration day of crypto options: $2.04 billion options will expire!
The market is following a slightly choppy course. The nominal value of Bitcoin options expiring today is 1.62 billion dollars. The put/call ratio of the expiring 16,561 contracts is 0.76. Also, the maximum pain point of these options is 98,000 dollars.
On the other hand, Ethereum has 153,608 contracts with a nominal value of 421.97 million dollars. The put/call ratio of these contracts that have expired is 0.48. In addition, the maximum pain point for the cryptocurrency is $2,700.
What does the expiration of options mean for cryptocurrencies?
During the writing, Bitcoin is trading at $98,284 with a daily increase of 1.03%. Ethereum is trading at $2,752 with a 0.682% increase. In the context of options trading, the put/call ratio below 1 for BTC and ETH indicates that call options are more common than put options.
However, according to the maximum pain theory, Bitcoin and Ethereum prices may gravitate towards their own usage (strike) prices as the expiration approaches. Doing so would cause most options to expire worthless and thus lead to 'maximum pain'. This means that BTC and ETH prices could experience a slight correction as options expire.
()(