What to Expect from Bitcoin, ETH, XRP, Solana Options Expiry and US Nonfarm Payrolls Today?
Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) are falling as the U.S. Navy and Iran trade attacks, while President Trump confirms the ceasefire remains in effect. Traders are bracing for volatility as crypto options expiry coincides with the US Nonfarm payrolls and unemployment rate data release today. Almost $2 Billion in Bitcoin and ETH Options to Expire Almost 20K Bitcoin options with a notional value of $1.59 billion are set to expire on the largest derivatives crypto exchange Deribit on May 8. The put-call ratio is 0.73, indicating a bullish sentiment despite BTC price dropping more than 4% to $79K this week, especially after US initial jobless claims rose to 200K. In the last 24 hours, call volume is still higher than put volume. The put-call ratio is 0.66, indicating traders are bullish. Deribit data shows high volume options trading for the September 25 expiry, targeting $130,000 and $110,000 strikes prices. Moreover, the max pain price is at $79,500, lower than the current market price of $79,676. However, traders expect Bitcoin to reclaim $80,000 in the coming days. GreeksLive revealed that Bitcoin‘s short-term implied volatility (IV) saw a slight increase, but primary short-term IV stays around 35%. “Skew remains relatively stable with a very