The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

What are Bitcoin options? Bitcoin options are actually a right, which gives the holder the right to buy or sell an asset at a fixed price on a specific date. Just like futures are a hedge against spot prices, futures options provide a hedge against futures on their platform. After learning about Bitcoin options, let’s get back to the topic. What does the expiration of Bitcoin options mean? And when do Bitcoin options expire? Below, the editor of the currency circle will tell you in detail what the expiration of Bitcoin options means? and When do Bitcoin options expire?

 What does Bitcoin options expiry mean?

In fact, sometimes the expiration of Bitcoin options does not have a big impact. For example, on September 25, more than 83,400 Bitcoin options expired, but it did not affect the spot value of the digital asset. The currency circle below is small The editor will tell you about this incident in detail:

The total open interest in the Bitcoin options market is $2.6 billion, with approximately $1.9 billion on the Deribit platform. On October 30, a large number of options will expire on Deribit, including 42,138 Bitcoin contracts and 176,618 Ethereum contracts, with a total notional value of approximately $624 million.

In addition, data released by Skew shows that more than 62,000 Bitcoin options (equivalent to $830 million in open interests) will expire tomorrow, which has caused market concerns to spread again. The Bitcoin market has remained volatile over the past few weeks. Recently, many mainstream financial institutions have poured into the Bitcoin market. For example, the global payment company PayPal has officially launched Bitcoin buying and selling services. Many people have shown strong bullish signs, but the price of the digital asset is still swinging around $13,000.

On October 27, open interest in Bitcoin options was close to $3.583 million. This stems from the evolution of positive sentiment in the market and provides traders with the opportunity to hedge and lock in profits at existing price levels. However, if the price of Bitcoin drops before the option expires, traders could be left in an uncertain position.

Deribit further elaborated on this uncertainty among traders. Deribit, one of the largest Bitcoin options platforms, has noticed an upward trend in its term structure, indicating that Bitcoin options have higher long-term returns than short-term returns.

 When do Bitcoin options expire?

When Bitcoin options expire is actually uncertain, it mainly depends on which exchange the investor chooses and which period of the Bitcoin options contract.

Bitcoin options are the same as spot, which is to predict the future rise and fall of Bitcoin, but support buying up and down. In terms of operation, if the price is expected to be bullish, buy up, and if the price is expected to be bearish, buy down. The profit calculation is the same as that of spot prices. When buying up, you will earn as much as the price rises during the cycle. When buying down, you will earn as much as the price falls during the cycle.

The Bitcoin options launched by BitOffer have 7 time periods, namely: 7 days, 1 day, 12 hours, 4 hours, 1 hour, 5 minutes, and 2 minutes. Users need to select the corresponding period when placing an order.

For example, the current price of Bitcoin is US$7,500. After analysis and judgment, you believe that Bitcoin will most likely fall in the next hour, so you buy a 1-hour put option for 10 USDT.

Bitcoin fell sharply in the next hour, from $7,500 to $7,000. After the 1-hour option expiration system settles, your income is 7500-7000=500 (USD), which is 50 times higher than the cost. If Bitcoin rises in the next hour, you will lose the 10 USDT option principal invested. This is the benefit of options with "unlimited returns and limited risks".

The editor of Bitcoin Circle reminds investors that when playing Bitcoin options, they must set the stop loss level and exit the market in time strictly according to the stop loss level. Maybe the stop loss is wrong this time, but the funds are protected, and you are still Able to play the next game. If you do not set a stop loss, one investment mistake may make you bankrupt and you will no longer be able to participate in the market.