Greeks.Live said 18,000 Bitcoin options contracts expired on October 16, 2026, with a notional value of $1.47 billion. They represented 4.5% of Bitcoin options positions and had a put-call ratio of 1. The firm said buyers remained cautious and options markets showed little expectation of higher volatility.
Bitcoin also faced a wider market pullback and concern over possible U.S. strikes on Iran. CBS News reported that U.S. officials had plans for a strike on an Iranian military installation if President Donald Trump approved it; the White House did not confirm the plans.
