A total of $10.95 billion worth of Bitcoin and Ethereum options contracts expire on the last Friday of November. According to Deribit's data, the max pain level of 98 thousand Bitcoin contracts worth $ 9.48 billion was recorded as 80 thousand dollars and the put-call ratio was recorded as 0.84. On the Ethereum side, the max pain level of 412 thousand contracts worth $ 1.47 billion was announced as $ 2,900 and the put-call ratio as 0.75. While max pain refers to the price level at which options will create the most financial loss, especially high open positions may affect investors in this process.
Analysts say there may be an increase in volatility in the market as year-end options expire. While 20% of November's positions will expire, this will rise to 40% in December. According to Greeks.live, institutional investors are following a cautious strategy in the options market. This approach leads to more cautious steps by institutions that have been affected by past volatility experiences. The year-end options activity is expected to create volatility in the markets.
