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114,000 BTC Options to Expire This Week: Recent Skew Data

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Mon, 22/06/2020 - 13:27
114,000 BTC Options to Expire This Week: Recent Skew Data
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A major supplier of analytical data, Skew agency, has again reminded the community of Bitcoin investors that this week, on June 26, a gargantuan number of Bitcoin options will close.

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The overall amount of options on BTC futures to expire later this week is 114,000. Their notional value equals $1 bln.

The surge of open interest on BTC options as of late signifies the increasing attraction of institutional investors in BTC.

Recently, one of the major exchanges dealing with BTC options – Deribit – also saw an OI on BTC options spike to 100,000 BTC.

The Skew data regarding Friday speaks cumulatively of several exchanges where these crypto derivatives are successfully traded.

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The situation with BTC futures on Kraken does not look as good, however. Recent data reveals that the daily trading volume on this platform has dropped to a 3-month low.

It now constitutes $12,926,117, compared to $13,041,947 on June 14.

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