Here's why Ethereum bulls don't care about Friday's $40M ETH options expiry

Although Ether price is below $400, data show traders are not worried about Friday's options expiry.

80 million worth of Ether options are set to expire this Friday, but there has never been a strong argument for October.

As the data above shows, there is roughly the same amount of call options betting on prices up to $410, as there are put options eager for lower prices.

The scenario gets even more balanced after including OKEx numbers, which favors put options by 2.5K ETH. The main reason behind the interest in October options is Ethereum's upcoming ETH 2.0 upcoming staking launch.

This rationale is valid both for bulls and bears, therefore greatly diminishing investors appetite for short-term options.

Bullish strategies are using this 'event' around 62% of these options.

The current options pricing display 33% odds of the price being above $460 on December 25.

Investors then compare calls and put options with similar probabilities.

This is because the 25% skew options pricing indicator and crypto exchange top traders long-to-short ratios are slightly favoring bulls.

bRegardless of what happens during tomorrow's expiry, one should closely monitor the options 25% delta skew indicator and top traders long-to-short ratio.