Almost a billion dollars worth of Bitcoin options contracts, a little under half in existence, are set to expire on Friday, per data from Skew analytics. And Ethereum isn’t far behind. About $450 million worth of ETH options contracts expire on the same day. 

This could potentially introduce a whole lot of crypto back into the market as traders look to dump or HODL. Here’s what to expect.

What is an options contract?

First things first: What are we talking about? 

An options contract lets people buy Bitcoin in the future at a price agreed to beforehand. So, if you entered into an options contract when Bitcoin was worth about $4,000 following the mid-March crash to receive your Bitcoin at that very price come the final Friday of September, that would have been a smart decision (or lucky bet), as Bitcoin has more than doubled in price.

This is also the premise of a Bitcoin futures contract. But where the two differ is that a Bitcoin futures contract creates a contractual obligation to buy that Bitcoin upon the contract’s expiry. With options, traders are not contractually obliged to buy up the Bitcoin but simply have the option to do so.

Back to business

Bitcoin options contracts are big business. On Derebit, the largest platform for options contracts by volume, traders exchange about $57 million worth of options contracts each day. And as of yesterday, there are about $2 billion worth of Bitcoin options contracts yet to expire. That means that about half will expire come Friday. For Ethereum, it’s a similar picture.

So, what will happen? According to a research report from Coin Metrics, for ETH, “this event will likely add additional volatility to price action throughout the week, as traders look to hedge exposure on these positions, work out of them, or possibly take action in the spot market in anticipation.”

For Bitcoin, much the same, Charles Bovaird, a researcher at crypto research firm Quantum Economics, told Decrypt. “As these contracts approach their expiration date, volatility could spike as investors opt to buy, sell or let their contracts expire.”

Dan Gunsberg, CEO and cofounder of crypto trading platform Hxro, said that a good chunk of the options contracts are between $11,000 and $12,000—far above Bitcoin’s current price of $10,310. 

Gunsberg told Decrypt: “The market is effectively giving you 20:1 odds right now that the price will trade at or above $11,000 by the 25th of September.” Hitting $11,000 would be no great explosion; Bitcoin’s price was just above $11,000 on Saturday. But any higher

than usual “could set off some fireworks.” Still, he said, “This is crypto, so you never know.”

Bovaird added: “If a large number of contract holders use this ability to purchase bitcoin before the contracts expire, that would place upward pressure on the cryptocurrency's price. Likewise, if contract holders used their options to sell, it would place downward pressure on bitcoin prices,” he said.

However, it could also have very little impact at all,” he said. “If the options contracts expire without being exercised (used), then they won't place upward or downward price pressure on Bitcoin.

*TABLE OF CONTENT* 

*Chapter 1.* 

 *AUTOMATION*

 

 *1.1*  Home Automation

 *1.2* . Automatic        Changeover Switch (ATS)

 *1.2.1* The 7 Different kinds of Automatic Changeovers that we will learn how to build are.

 *1.2.2* Single Phase Automatic Changeover with one contactor, one timer and an alarm.

 *1.2.2.1* Step by Step Procedures of building Single Phase Automatic Changeover with one contactor, one timer and an alarm.

 *1.2.3* . Single Phase Automatic Changeover with two contactors and one 8 - pin relay.

 *1.2.3.1* Step by Step procedures of building Single Phase Automatic Changeover with two contactors, and one 8 - pin relay.

 *1.2.4.*     3 - Phase Automatic Changeover with two contactors and one 8 - pin relay

 *1.2.4.1* . Step by Step procedures of building a 3 - Phase Automatic Changeover with two contactors and one 8 - pin relay.

 *1.2.5* . Automatic Changeover that can switch OFF the generator.

 *1.2.5.1* .  Step by Step procedures of building Automatic Changeover that can switch OFF the generator.

 *1.2.6* . Automatic Changeover that can switch OFF and Switch ON  the generator.

 *1.2.6.1* . Step by Step procedures of building Automatic Changeover that can switch OFF and Switch ON the generator

 *1.2.7*  Automatic Changeover that can delay before switching to another power supply.

 *1.2.7.1*  Step by Step procedures of building Automatic Changeover that can delay before switching to another power supply.

 *1.2.8* .  Automatic Changeover that can switch between 3 different power supplies.

 *1.2.8.1* . Step by Step procedures of building Automatic Changeover that can switch between 3 different power supplies.

 *Chapter 2.* 

 *CCTV CAMERA INSTALLATION*.

 *2.1* Components of CCTV System

 *2.1.1* . Camera

 *2.1.2* Monitor

 *2.1.3* Digital Video Recorder ( DVR )

 *2.1.4*  VGA Cable ( Video Graphic Array )

 *2.1.5* . BNC Connector ( Bayonet But Connector )

 *2.1.6* . Coaxial Cable

 *2.1.7* . CCTV Power Supply.

 *2.1.8* . Hard Drive

 *2.1.9* . Step by Step procedures of CCTV camera System Installation.

 *Chapter 3* 

 *SOLAR ENERGY*

 *3.1* . Solar Panel

 *3.2* . Charge Controller

 *3.3* . Battery ( Picture of battery )

 *3.4* Inverter

 *3.5* . Connections of Solar Panels.

 *3.5.1* . Connecting Your Solar Panel in Series.

 *3.5.2* . Connecting your Solar Panel in Parallel.

 *3.5.3* . Connecting your Solar Panel in Series and in Parallel. 

 *3.6* . Connection of Batteries.

 *3.6.1* . Connecting Your Batteries in Series

 *3.6.2* . Connecting your Batteries in Parallel

 *3.6.3* . Connecting your Batteries in Series and in Parallel

 *3.7* . Stand Alone Solar PV System.

 *3.7.1* . Types of Stand Alone PV System.

 *3.7.2* . Stand Alone ( PV ) system with only DC Load.

 *3.7.3* . Stand Alone ( PV ) / Panel System with DC Load and Electronic Control Circuit / Charge Controller.

 *3.7.5* . Stand Alone Solar  ( PV ) System with AC / DC load, Electronic Control Circuit and battery.

 *3.8* . Calculations of  sizing and rating of Solar Power Systems.

 *3.8.1* . How to Calculate Solar Battery Backup Time 

 *3.9*  Using the Solar Energy in raining days.

 *Chapter 4* .

 *DESIGN AND BUILDING OF SOLAR GENERATOR KITS.* 

 *4.1* . Connection Steps of Solar Generator Kit.

 *chapter 5.* 

 *CONNECTION OF PANEL COMPONENTS*

 *5.1* . Contactor

 *5.1.1* . Things that made up a contactor.

 *5.1.2* . How contactors work

 *5.1.3* . Connection Procedures of contactors

 *5.2* . Timer

 *5.2.1* . Connection Procedures of Timer

 *5.3* . Pin relay

 *5.3.1* . Connection Procedures of Pin relay 

 *5.4* . Voltage Monitor

 *Chapter 6.* 

 *INDUSTRIAL PANELS*

 *6.1* . Starter Panels

 *6.1.1* . Direct Online Starter Panel ( DOL ) 

 *6.1.1.1* . Single Phase DOL Starter Panel

 *6.1.1.2* . Procedures to build a Single Phase DOL Panel

 *6.1.1.3* .   3 Phase DOL Starter Panel.

 *6.1.1.4* . Procedures to build a 3 Phase DOL Panel

 *6.1.2* .  Forward and Reverse Starter Panel

 *6.1.2.1*  Procedures to build a Forward and Reverse panel

 *6.1.3* . Star Delta Starter Panel.

 *6.1.3.1* . Procedures to build a Star Delta Starter Panel.

 *6.2* . Multi Purpose Panel

 *6.2.1* . Step by Step procedures of connecting Multi Purpose Panel.

 *Chapter 7* 

 *FIRE ALARM SYSTEM*

 *7.1* . Types of Fire Alarm Detectors

 *7.1.1* . Heat Detectors

 *7.1.2* . Smoke Detectors

 *7.1.2.1* . Ionization Smoke Detectors

 *7.1.2.2* . Photoelectric Smoke Detectors

 *7.1.3* . Carbon Monoxide Fire Detectors

 *7.1.4* . Multi Sensor Detector

 *7.1.5* . Manual Call Point

 *7.2* . Different types of Fire Alarm System

 *7.2.1* . Conventional Fire Alarm System.

 *7.2.2* . Addressable Fire Alarm System

 *7.2.3* . Intelligent Fire Alarm System.

 *7.2.4* . Wireless Fire Alarm System

 *Chapter 8* 

 *COIL WINDING* 

 *8.1*  Motor  Rewinding

 *8.1.1* . Components that made up the motor.

 *8.1.2* . Stator

 *8.1.3* . A mature

 *8.1.4* . Coil

 *8.1.5* . Step by Step procedures of Motor Rewinding.

 *8.2* . Transformer Winding

 *8.2.1* . Components needed for Transformer Winding

 *8.2.2* . Former

 *8.2.3* . Lamination ( E & I Lamination)

 *8.2.4* . Coil

 *8.2.5.* Lamination Tape

 *8.2. 6.* Step by Step procedures of Transformer Winding.

 *Chapter 9.* 

 *CONTROL OF WATER LEVEL IN THE THANK USING FLOAT SWITCH*

 *9.1* . Ways of connecting the float switch.

 *9.1.1* . Connecting the float switch direct from the power supply to the pumping machine.

 *9.1.1.1* . Procedures of connecting the the float switch direct from the power supply to the pumping machine.

 *9.1.2* . Connecting the float switch to the pumping machine using a contactor.

 *9.1.2.1* . Procedures of connecting the float switch to the pumping machine using a contactor.

 *9.1.3* . Connecting the float switch to the pumping machine ( motor ) using a pin relay.

 *9.1.3.1*  Procedures of connecting the float switch to the pumping machine using a pin relay.

 *Chapter 10* 

 *LED BULB* 

 *10.1* . LED Driver

 *10.2* . Components of LED Bulb

 *10.2.1* . LEDs

 *10.2.2* . Drivers ( chokes )

 *10.2.3* . PCB Plates ( Printed Circuit Board ) 

 *10.2.4* . Housing

 *10.2.5* . Procedures to produce LED Bulb

 *Chapter 11* 

 *SIMPLE ALARM SYSTEM* 

 *11.1* . Procedures of Simple Alarm System Installation

 *Chapter 12.* 

 *HOW TO CHOOSE THE RATING OF COMPONENTS AND SIZE OF WIRES FOR ANY INSTALLATION YOU ARE DOING* 

 *12.1* . How to choose the rating of components

 *12.2* . How to choose the size of wires for any installation

 *Chapter 13* 

 *INVERTER DESIGN* 

 *13.1* . Building of Inverter 

 *13.2* . Connection Procedures of Inverter.