What’s Next for Markets as $3 Billion in Crypto Options Expire Today?

Description

Around 29,000 Bitcoin options contracts will expire on Friday, March. 7, and they have a notional value of roughly $2.5 billion. This week’s event is much smaller than last week’s end-of-month expiry, but a mammoth end-of-quarter contract expiry is due on March 28. The impact on spot markets is likely to be minimal as all eyes are on the White House crypto summit , also taking place today. Bitcoin Options Expiry This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.67, meani...