How Will Markets React to Today’s $3B Crypto Options Expiry?

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Friday has arrived again and the first Bitcoin options expiry event of the month is due as crypto markets show signs of recovery amid high volatility, but will it continue? 

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.

This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.67, meaning that there are slightly more call (long) contracts expiring than puts (shorts).

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