Over $24 Billion in Bitcoin and Ethereum Options Expire on January 9
Data from Greeks.live shows substantial expirations affecting BTC and ETH positions, with notable volatility at key max pain levels.
BTC
ETH
Summary
Greeks.live reported that 21,000 Bitcoin (BTC) and 126,000 Ethereum (ETH) options expired on January 9, totaling almost $24 billion in value—around 7% of overall holdings. The max pain level, the point where option holders experience maximum loss, stood at $90,000 for BTC and $3,100 for ETH. Implied volatility was approximately 40% for BTC and 55% for ETH at the time of expiration.
Terms & Concepts
- Options: Financial contracts granting the right but not the obligation to buy or sell an asset at a predetermined price before a set date.
- Max Pain Level: The price point at which option holders incur the greatest aggregate loss, often observed near option expiration dates.
- Implied Volatility: A metric estimating future price movement or uncertainty in an asset’s price based on options market data.