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Bears reign as 86% of September’s $284M CME Bitcoin options are worthless

Published 09/23/2020, 08:10 PM
Updated 09/23/2020, 09:40 PM
Bears reign as 86% of September’s $284M CME Bitcoin options are worthless

As of now, the $622 million total open interest for BTC futures expiry on Friday seems quite relevant.

This Friday, a total of $100 million in CME Bitcoin (BTC) options are set to expire. 58% of these are call (buy) options, meaning buyers can acquire BTC futures at a fixed price.

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