Over $2.4 billion in BTC and ETH options expire on August 7

Chainthink

Release Time: 08/07/2026 08:52:55

Summary

Options trading activity surged on August 7, with 32,000 BTC options expiring at a put-call ratio of 0.26 and a maximum pain point of $64,000, totaling $2.06 billion in notional value. ETH options trading also saw 177,000 contracts expire, with a put-call ratio of 0.77 and a maximum pain point of $1,900, adding $340 million. The combined notional value of BTC and ETH options reached $2.4 billion. Data shows that 9% of weekly expiring options were out-of-the-money long calls, with fewer put positions. BTC’s low put-call ratio suggests limited put option holdings. Options strategy participants closely monitor these levels ahead of key price movements.

ChainThink reports that on August 7, according to options settlement data released by macro researcher Adam at Greeks.live, a total of 32,000 BTC options expired today, with a Put/Call Ratio of 0.26, the maximum pain point at $64,000, and a notional value of $2.06 billion.

This week, 177,000 ETH options expire, with a Put/Call Ratio of 0.77, a maximum pain point at $1,900, and a notional value of $340 million. Combined, the total notional value is approximately $2.4 billion.

Data shows that options expiring this week account for 9%, with a higher concentration of out-of-the-money call positions and relatively low put open interest. Adam noted that BTC’s Put/Call Ratio remains at a low level of 0.26, indicating extremely low put open interest.

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