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Ethereum faces largest ever options expiry as bears appear to dominate By Cointelegraph

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Ethereum faces largest ever options expiry as bears appear to dominate

Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH options will expire. June’s expiry has over 638,000 ETH options contracts in its purview, accounting for 45% of the total open interest in these options.

Although it’s the largest options expiry in the history of the derivative product, the open interest in ETH options OI hit its all-time high of nearly $5.5 billion on May 20 soon after ETH had hit its all-time high of $4,362 on May 12.

30-day correlation