It has been noted that most times Open interest often spiked before the date of expiration in the case of every monthly and quarterly expiry. Bitcoin (BTC) is presently trading at $10,660.
Options refer to derivative contracts that give the holder the right (though not an obligation) to purchase or sell an underlying asset at a predetermined price.
“Strike price” refers to the predetermined price at which the asset is bought or sold. This is different from the spot price which is the actual market price.
A put contract is an options contract that allows the holder the right to sell a specified amount of an underlying asset at a fixed time within a specific duration, whereas a call contract gives the holder the right to sell the underlying asset under similar prerequisites.
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