At press time, the quarterly expiry on the dominant crypto options exchange Deribit comprised 81,052 call options worth $2.24 billion and 60,261 put options worth $1.73 billion, according to data from Amberdata. Deribit, which accounts for almost 80% of the global crypto options activity, will settle the quarterly options at 08:00 UTC on Friday. On Deribit, one options contract represents 1 BTC.
Source: https://www.coindesk.com/markets/2023/03/30/bitcoin-options-worth-4b-will-expire-on-friday-heres-is-why-it-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines