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Bitcoin (BTC) and ether (ETH) options set to expire

Options are derivative contracts that give investors the right, but not the obligation, to buy or sell an underlying asset at a predetermined price before a specific date. A put option acts as insurance against price declines and a call option provides the right to buy and represents a bullish bet on the underlying asset.At 82.5% of open interest, out-of-the-money (OTM) options dominate traders’ holdings, showing a clear preference for speculative positioning. Bitcoin (BTC) and ether (ETH) options worth roughly $17 billion are set to expire on Friday on Deribit in one of the largest monthly options expiry of the year. There are 72,716 BTC call option contracts and 54,945 BTC put option contracts due for settlement, representing a combined notional open interest of about $14.4 billion. What is your take on options investing ?

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