tl;dr
Today, approximately $1.96 billion worth of Bitcoin and Ethereum options are set to expire, leading to significant anticipation in the crypto market. Historical trends indicate a potential market rebound as the expirations near. Bitcoin options have a notional value of $1.27 billion with a put-to-ca...
Today, approximately $1.96 billion worth of Bitcoin and Ethereum options are set to expire, leading to significant anticipation in the crypto market. Historical trends indicate a potential market rebound as the expirations near. Bitcoin options have a notional value of $1.27 billion with a put-to-call ratio of 0.46 and a maximum pain point of $66,500. Ethereum has 197,068 contracts with a notional value of $693.37 million, a put-to-call ratio of 0.30, and a max pain point of $3,500. Despite high realized volatility, the implied volatility has remained stable, suggesting no major market movement is expected before the quarterly delivery. Bitcoin currently trades at $64,924, a 2.7% decrease over the past week, while Ethereum trades at $3,526, marking a 1.5% increase. While options expirations can cause temporary disruptions, they typically lead to stabilization, and traders are advised to remain vigilant and analyze technical indicators and market sentiment.
Today, approximately $1.96 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, creating significant anticipation in the crypto market. Expiring crypto options could usually lead to notable price volatility. Therefore, traders and investors closely monitor the developments of today’s expiration.
HISTORICAL TRENDS SIGNAL A REBOUND AS CRYPTO OPTIONS NEAR EXPIRY
Today’s expiring Bitcoin options have a notional value of $1.27 billion. These 19,712 expiring contracts have a put-to-call ratio of 0.46 and a maximum pain point of $66,500. In the context of options trading, the maximum pain point represents the price level causing maximum financial pain to option holders. Meanwhile, the put-to-call ratio suggests a prevalence of purchase options (calls) over sales options (puts). On the other hand, Ethereum has 197,068 contracts with a notional value of $693.37 million. These expiring contracts have a put-to-call ratio of 0.30 and a max pain point of $3,500.
Analysts at Greeks.Live noted an increase in forward options volume, especially in block calls. Despite high realized volatility (RV), the implied volatility (IV) has remained stable. This situation indicates no major market movement is expected before the quarterly delivery.
“The trend in the second quarter this year was weaker, aligning with historical experiences. The third quarter usually struggles, with the end of the quarter often marking the market rebound,” analysts at Greeks.Live stated. This week, Bitcoin fluctuated between $64,258 and $66,782, while Ethereum traded within the $3,387 to $3,632 range. At the time of writing, Bitcoin trades at $64,924, a 2.7% decrease over the past seven days. Ethereum trades at $3,526, marking a 1.5% increase. While options expirations can cause temporary market disruptions, they typically lead to stabilization. Analysts’ recent insights highlight the historical patterns traders may consider when strategizing their positions. Ultimately, traders should remain vigilant, analyzing technical indicators and market sentiment to navigate the anticipated volatility effectively.
More about ASE Industrial Holding Co Ltd ADR
ASE Industrial Holding Co Ltd ADR Summary
Sector: MANUFACTURING
Industry: SEMICONDUCTORS & RELATED DEVICES
Market Cap: $25.46 billion
Current Price: $23.58
PE Ratio: 5.2
EPS: $0.5
ROE: 271.43%
Dividend Yield: 0.0541
Revenue: $583.83 billion
Debt to Equity: 9.9
Net Margin: -1.9%
Operating Margin: 1.5%