What is the Max pain point for bitcoin & ether September expiry options?

At the time of writing, bitcoin and ether were trading at $26,100 and $1,580 respectively, slightly below their respective max pain levels.

The concept of max pain is crucial in understanding the potential implications of options expiration on the underlying cryptocurrency prices.

The current landscape of cryptocurrency options markets reveals a significant trend in the strike prices of expiring contracts.

Specifically, for bitcoin and ether September expiry options, the max pain point—the level at which options buyers stand to lose the most money upon expiration—is $26,500 for bitcoin and $1,650 for ether.

As options contracts expire, holders of these contracts will either exercise their rights or let them expire worthless. If the price of the underlying asset is close to the max pain point, a significant number of options holders may face losses, potentially affecting market sentiment and prices.