BTC and ETH Options Worth $1.84 Billion and $320 Million Set to Expire on October 9
Greeks.live researcher Adam said on X that 22,000 BTC options will expire on October 9, with a put-call ratio of 1.12, a maximum pain level of $84,000, and a notional value of $1.84 billion. According to Odaily, 123,000 ETH options will also expire on October 9, with a put-call ratio of 0.71, a maximum pain level of $2,650, and a notional value of $320 million.He said 6% of Bitcoin options open interest and 9% of Ethereum options open interest will expire on the settlement day. Adam added that the market has been in a pullback for most of the week and is waiting for BTC to choose a direction. He said implied volatility is at a relatively low level, with implied volatility for major maturities continuing to decline, and that buyers are unwilling to bet on future moves at higher prices. He also said GEX is concentrated near $90,000, $95,000, and $100,000, while less has accumulated near $80,000 and $85,000 around the settlement price.