Fed rate decision may hit $6.3B IBIT options wall
- —September 18 expiry: 1,465,553 IBIT contracts — 833,070 calls and 632,483 puts
- —37.2% of open interest is concentrated at $40-45 strikes, with the largest at $45 with 141,670 contracts
- —The total value of underlying IBIT shares is estimated at about $6.28 billion
- —Cboe raised the IBIT options position limit from 250,000 to 1 million contracts in May
Why it matters: A sustained break by BTC outside $70,900-79,700 after the Fed would weaken the expiry's impact, while a return to the range would intensify dealer hedging pressure.
Source: CryptoSlate