Breaking:Option expiration at the end of the month:
🔹 $8.64B $BTC option on Deribit will expire on Friday, with max pain at $90K
🔹 $1.28B $ETH option on Deribit will expire on Friday, with the max pain level at $3,100Max pain is the price at which MOST option contracts will expire in vain.
Option expires on Friday on Deribit
- 8 am UTC
- 3 pm Vietnam time
- 1 am California time
ℹ️ At max pain price, most option contracts will expire and be worthless. This means that the option buyer will lose the most, while the option seller (usually the market maker) retains almost all the premium fees they have collected, so they are the most profitable.
Simply put, max pain is like a "price magnet", which tends to attract the price nearby when it comes to the maturity date, but it is not certain, because major macro events, news or strong cash flow can still make the price deviate.
