28 Jun 2021
3 billion worth of open interest in the options market expired this Friday
After the massive options expiry on Friday, where $3 billion worth of open interest expired, the open interest in the options market reached a yearly low of $4.1 billion.
Currently, the open interest in the options market sits at $4.6 billion, which is lower than the previous yearly low of $5.9 billion from January 29th.On Friday, $3 billion worth of open interest in the options market expired, equaling 43% of all the open interest in the options market at the time.The open interest following the Friday expiry sat at $4.1 billion, which is the lowest open interest recorded since November 28th, 2020.The open interest is currently down 69% from its peak of $14.8 billion on April 15th. However, keep in mind that April 15th was two weeks away from expiry. Thus, it’s a bit unfair to compare these two observations.Nevertheless, the open interest is still considerably lower than it was just months earlier. Following the April 30th expiry, the OI still sat at $10.6 billion.The large decline in the open interest in the options market is further evidence of a less fiery derivatives market.