How many crypto options expire today?

TLDR

About $4.07 billion in crypto options are set to expire today, including Bitcoin (BTC) and Ethereum (ETH) contracts (market update). Assumption: you mean notional value (with contract counts noted).

1. Bitcoin (BTC): about $3.4$3.5 billion expiring; max pain $91,000%%CKPROTECTED4%% (analysis).
2. Ethereum (ETH): about $667 million expiring; max pain $3,050%%CKPROTECTED4%% (options overview).
3. Total contracts: roughly 247,000%%CKPROTECTED2%% BTC+ETH contracts today (market update).

Deep Dive

1. BTC Breakdown

Bitcoin has the largest expiry today, around $3.4$3.5 billion notional, with roughly 36,906 BTC contracts and a max pain level near $91,000 (market detail).

• A put-call ratio near 0.910.94 suggests balanced positioning with modest hedging (market detail).
• Some reports note expiries complete around 8:00 am (UTC), after which spot volatility can normalize (market update).

2. ETH Breakdown

Ethereum sees over 210,000 contracts with about $667 million notional expiring, and max pain around $3,050 (options overview).

• The overall put-call ratio is ~0.78 (mildly bullish), but 24-hour skew showed heavier put activity into the event (options overview).
• Completion timing aligns with BTCs window near 8:00 am (UTC) (market update).

3. Other Expiries

Smaller expiries in XRP and Solana are noted but are a fraction of BTC/ETH size, with max pain levels cited in coverage today (options overview).

• Combined crypto options notional around $4 billion underscores why Friday expiries can heighten intraday volatility (market detail).
• After the window, positions roll and markets often reassess direction into upcoming macro events (market update).

Conclusion

Todays expiries total about $4.07 billion, dominated by BTC and ETH, with max pain near $91,000 (BTC) and $3,050 (ETH). This cluster can concentrate volatility around the expiry window, but price behavior afterward usually hinges on spot liquidity and near?term macro catalysts.