# Bitcoin and Ether Options Worth $2.8 Billion Expire Friday

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/55316
Published: 2026-11-12T11:39:41.000Z
Updated: 2026-11-12T11:39:41.000Z
Section: Investing

> Bitcoin options account for $2.48 billion; Ether options represent $300 million, with respective max-pain levels of $76,000 and $2,200.

About $2.8 billion in Bitcoin (BTC) and Ether (ETH) options are scheduled to expire Friday, Nov. 13, putting a substantial derivatives position in both markets at settlement.

Bitcoin contracts account for about $2.48 billion across roughly 34,000 contracts, with a put/call ratio of 0.52 and a max-pain level of $76,000. Ether options represent about $300 million across 148,000 contracts, with a put/call ratio of 1.55 and a max-pain level of $2,200. At expiration, the max-pain price is the level at which options holders collectively would incur the largest loss.

Bitcoin's put/call volume ratio reached about 1.64 at one point over the previous 24 hours, while calls remained the larger share of its open interest. BTC traded below its $76,000 max-pain level after reaching a range of $72,700 to $73,300 earlier this week. The contracts are scheduled to expire Friday.