$MicroStrategy(MSTR)$ October's Bitcoin options expiry, valued at $4.2 billion, is set for Friday. Of this, BTC options worth over $682 million, or 16.3% of the total, are poised to expire "in the money," predominantly as call options. This situation may lead to market volatility as holders of these profitable options decide whether to settle or adjust their positions for the next expiry cycle.
The put-to-call open interest ratio for Bitcoin currently stands at 0.62, suggesting a relatively bullish sentiment. This means that for every 100 call options active, there are 62 put options open.
The critical price point is $64,000, where the majority of options would expire worthless, resulting in the greatest loss for option buyers and the highest gain for option writers.
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