Deribit to settle 322,586 ETH in options worth $777M on October 30
- —October 30 expiry covers 322,586 ETH, over four times the four prior October dates combined
- —Largest strike is $2,600 with 40,492 contracts, including 37,712 calls
- —Put-to-call ratio for the monthly expiry is 0.77, calls dominate
- —Max pain is $2,500, about 3.8% above the current ETH price
Why it matters: The large expiry amplifies delta hedging and ETH volatility in the $2,300–2,600 range in the days before settlement.
Source: CryptoTicker