According to CoinDesk, ChainCatcher reports that Deribit exchange will have a total of 141,271 Bit options contracts expiring this Friday, valued at over $14 billion, accounting for more than 40% of total outstanding contracts, with 81,994 call options and the rest being put options. The current put-to-call option ratio has risen to 0.72, partly driven by the "cash-secured put" strategy.
Lin Chen, Head of Asia Business Development at Deribit, stated that nearly 20% of expiring call options are in-the-money, indicating that call option buyers performed well this week. The largest pain point for this expiration is $102,000. The latest market capital flow is neutrally skewed, with traders selling straddle options and selling call options with a strike price of around $105,000 and shorting put options with a strike price of $100,000 on June 27th. Price volatility is expected to tighten before expiration, with implied volatility remaining high.
