![Over $2.2B worth of options for Bitcoin set to expire on May 26](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/05/bitcoin-Insights-ai-2.jpg&w=70&h=37&q=75)
Quick Take
- Bitcoin has roughly 85,000 options awaiting expiry on May 26, according to Deribit data as of May 23.
- Bitcoin has a 0.38 Put Call Ratio, whereas the max pain price is $27,000.
- The Bitcoin contracts up for expiry are valued at around $2.3 billion.
- Ethereum has a Put Call Ratio of 0.49, with approximately 700,000 options expiring on May 26, according to Deribit data as of May 23.
- This puts a notional value of just over $1.3 billion, with a max pain price of $1,800.
- Short-term volatility is expected in the crypto markets.
![Options Expiry: (Source: Deribit)](https://cryptoslate.com/wp-content/uploads/2023/05/options.png)
![ETH options expiry: (Source: Deribit)](https://cryptoslate.com/wp-content/uploads/2023/05/ETH-o.png)