Update
Bitcoin Options Expiring Near US Jobs Report
Friday's Bitcoin options contracts expire before the US jobs report on November 6. An $80,000 put option expiring on November 7 was quoted at about $682 per BTC. The Nov. 13 contract, covering inflation data, was priced at $1,445. Bitcoin options with a notional value of approximately $2.7 billion are scheduled to expire at 08:00 UTC on November 6. The options are heavily skewed toward bullish call options, with nearly three calls outstanding for every put. The largest concentrations of call open interest are at the $82,000 and $85,000 strike prices, while significant put positions are clustered between $72,000 and $75,000. The maximum pain level at $79,000 represents the settlement price at which outstanding options would generate the lowest intrinsic-value payout, but does not guarantee Bitcoin will gravitate toward that price.