Ethereum bulls control 100% of this week's $470M ETH options expiry
Ether's spectacular rise to $3,300 has rendered all of the bearish put options worthless ahead of this Friday's $470 million expiry. On May 7, a total of $470 million in Ether (ETH) options are set to expire, and "slaughter" is really the only word that describes what is about to happen to bearish ETH traders.Currently, almost every single one of the 75,909 put (sell) option contracts will become worthless if Ether manages to remain above $3,100 until Friday 8:00 am UTC.Ether's growth has been fueled by the growth of decentralized finance (DeFi), which has recently surpassed $60 billion in....
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$540 million in Bitcoin options open interest will expire on Friday, and a $93 million imbalance shows bears are taking control. On Dec. 11, a total of $540 million in Bitcoin (BTC) options open interest is set to expire. This number mimics the past month's $525 million options expiry, as monthly and quarterly options typically concentrate the most volume. Although both dates present somewhat unusual activity, this time around, bears seem in control. Data also shows that the Bitcoin bulls appear to have become too optimistic.Currently, the exchange Deribit holds 85% market share for....
Traders bullish on Ether have a $109 million advantage heading into the $730 million ETH options expiry on May 14. Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200. The non-stop action has been fueled by an incredible increase in decentralized finance (DeFi) applications where the net locked value surpassed $74 billion, a 51% increase in eighteen days.This positive momentum has been decimating the neutral-to-bearish put (sell) options, giving bulls even more incentives to continue the rally. On May 14, a total of $730 million Ether....
Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry. Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time period. Ether's price appreciation and the rising options open interest has resulted in a potentially historic $1.15 billion expiry set for March 26.Ether options aggregate open interest. Source: CryptorankMost exchanges offer monthly exposures, although a few also hold weekly options for....
Even as $525 million in Bitcoin options expire on Friday, bulls are expected to strongly defend the $15.5K level. On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat unusual activity as most volume goes through monthly and quarterly options.On Nov. 5 (last Friday), put (sell) options open interest was 30% larger than call (buy) ones. Deribit exchange holds $431 million open interest for this Friday's expiry and Bit.com has $72 million.Before....
In retrospect, options are contracts that give traders the right to purchase or sell an asset at a specified price before a certain expiration date.