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Mon, May 18
futures · 1 min read

BTC options OI hits $40B as 90% of open contracts cluster around the round number

Open interest in BTC options has built into a multi-month peak ahead of next month's monthly expiry.

Aryan Patel
Editor-in-Chief
51 words
BTC options OI hits $40B as 90% of open contracts cluster around the round number

Aggregate Bitcoin options open interest has built to roughly $40 billion in the lead-up to next month’s quarterly expiry, with strike clustering around major round-number levels. The setup creates a pinning dynamic — gamma exposure tends to dampen volatility into expiry — but also creates risk of sharp moves once that gamma rolls off.

Tags btc derivatives options
Disclosure · This article is for informational purposes only and is not financial advice. The author may hold positions in assets mentioned. DMC editorial standards prohibit trading securities that are the active subject of coverage. See our editorial guidelines and methodology.

About the author

Aryan Patel

Editor-in-Chief · CMT charter-holder · 12 years in markets

Editor-in-chief at Digital Market Chronicle. Covers BTC, ETH and macro cross-currents. Previously ran a cross-asset trading desk. Believes in tight stops and tight prose.

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