Nearly $16B in BTC options set to expire this Friday with 0.69 Put/Call ratio

Approximately $15.9 billion in BTC options and $2.1 billion in ETH options are scheduled to expire on September 25 at 8:00 UTC. The BTC options represent about 37% of Deribit's total open interest. Deribit CEO Luuk Strijers noted a Put/Call ratio of 0.69, indicating a market bias toward price appreciation. With the BTC maximum pain point at $75,000, Strijers expects potential increases in short-term volatility as hedging and Gamma effects subside following the settlement.