Nearly $16 billion in BTC options expiring Friday, call dominance may exacerbate short-term volatility

Odaily News: Approximately $15.9 billion in BTC options and $2.1 billion in ETH options will expire at 8:00 (UTC) on September 25, with BTC options expiring accounting for about 37% of Deribit's current total BTC open interest options of $43.5 billion. Deribit CEO Luuk Strijers said that call options dominate this quarterly contract, with a Put/Call open interest ratio of 0.69, indicating that the market had previously mainly bet on price increases. Currently, about 55% of the approximately $9.4 billion in calls are in the money, and the max pain point for BTC options is $75,000. Strijers said that after expiration settlement, market maker hedging and the Gamma effect will fade, BTC short-term volatility may rise, and the market trading range may readjust. (CoinDesk)