Bitcoin $10 B Options Expiry Could Pressure MicroStrategy Shares
MSTR•About $10 billion of Bitcoin options valued at 37% of Deribit open interest will expire on Friday at 4 p.m. Singapore time, with bullish calls largely out-of-the-money and puts clustered at $60,000–$75,000. This concentrated expiry may amplify Bitcoin volatility and pressure MicroStrategy shares given its substantial crypto holdings.
1. $10 Billion Bitcoin Options Expiry Approaches
About $10 billion of Bitcoin options valued at roughly 37% of open interest on Deribit will expire at 4 p.m. Friday Singapore time. Most call open interest is now out-of-the-money whereas puts concentrate around $60,000–$75,000 strikes, indicating a defensive tilt that could drive heightened price swings and weigh on MicroStrategy stock due to its large Bitcoin holdings.
