# Bitcoin Options Worth $1.47 Billion Expired With $83,000 Max Pain

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/33382
Published: 2026-10-16T17:25:58.000Z
Updated: 2026-10-16T17:25:58.000Z
Section: Investing

> About 18,000 contracts made up 4.5% of Bitcoin options open interest, with a put/call ratio of 1.

Bitcoin (BTC) options worth $1.47 billion in notional value expired Friday, Oct. 16, 2026. Their max-pain point was $83,000, the level where options holders collectively would face their largest losses at settlement.

About 18,000 contracts expired, accounting for 4.5% of Bitcoin options open interest. The put/call ratio was 1.

Implied volatility measured about 35%, reflecting very low expectations for future price swings. Options buyers remained cautious.