$2.68B in Bitcoin and Ethereum Options Set to Expire March 6 as Call Selling Dominates

Bitcoin and Ethereum options with a combined notional value of $2.68 billion are set to expire on March 6, Greeks.live data cited by Odaily Planet Daily show. The expiry includes 32,000 Bitcoin options with a put-call ratio of 1.69, max pain at $69,000 and notional value of $2.3 billion, alongside 184,000 Ethereum options with a put-call ratio of 0.85, max pain at $1,950 and notional value of $380 million. Greeks.live noted that while Bitcoin held above $70,000 this week and targeted $75,000, selling call options has been the main strategy over the past two days, suggesting upward momentum is slowing as the expiring options represent 7% of total open interest and Bitcoin open interest reached a short-term high. Implied volatility has risen during the recent rally, with Bitcoin's main-term IV at 55% and Ethereum's at 75% this week, the data show.