Bitcoin’s September 25 quarterly options expiry has put an enormous open-interest figure beside a much smaller and less visible question: which contracts produced payments? The exchange rules tell us ...

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Bitcoin options expire on Deribit on October 16 and October 30. Can expiry and max pain pin the price, and what happens after?

Bitcoin (CRYPTO: BTC) faces a $10 billion quarterly options expiry on Friday but is trading below its “maximum pain” level of $72,000. The “max pain” theory suggests that asset prices tend to ...