Record $6.6 Trillion in Options, Including $2.6B in Bitcoin and Ethereum, Set to Expire in Largest Ever 'Triple Witching'

Traders are preparing for heightened market volatility as a record $6.6 trillion in options contracts are set to expire on Friday, marking the event known as 'triple witching.'

This quarterly expiration is expected to be the largest ever based on notional value. The expiring contracts include $4.5 trillion linked to the S&P 500, alongside significant volumes in Bitcoin and Ethereum options, with $2.6 billion in notional value expiring for these cryptocurrencies.

The Bitcoin options have a put-call ratio of 0.87 and a maximum pain point of $101,000, while Ethereum options have a put-call ratio of 0.5 and a maximum pain point of $3,750. Market participants are bracing for potential market swings due to these expirations.

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