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Here’s why bulls aren’t bothered by Friday’s $525M Bitcoin options expiry

Published 11/11/2020, 08:22 PM
Updated 11/11/2020, 10:00 PM
Here’s why bulls aren’t bothered by Friday’s $525M Bitcoin options expiry

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.

Deribit BTC options for Nov. 13 expiry. Source: Deribit

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