Group 1: Bitcoin Options Expiry - Over $3.16 billion worth of Bitcoin and Ethereum options are set to expire, with Bitcoin accounting for approximately $2.69 billion of this total [1][2] - The current trading price of Bitcoin is $87,194, reflecting a 0.54% increase over the past 24 hours, with a max pain level for expiring options at $88,000 [2] - Open interest data shows a total of 30,815 contracts, with 17,506 call contracts and 13,309 put contracts, resulting in a put-to-call ratio of 0.76 [3][4] Group 2: Market Sentiment and Positioning - The positioning around the $88,000 level indicates limited upside momentum unless Bitcoin breaks higher, suggesting a range-bound market [4][5] - Analysts note a slightly heavier put positioning, reinforcing the view that Bitcoin could remain contained through the expiry period [5] Group 3: Ethereum Options Expiry - Approximately $473 million in Ethereum options are expiring, with Ethereum trading at $2,928, which is a 3.37% increase in the last 24 hours, and a max pain level of $3,100 [6] - Ethereum's open interest is more evenly split, with 78,524 call contracts and 83,547 puts, resulting in a put-to-call ratio of 1.06 and a total open interest of 162,071 contracts [7] - The positioning for Ethereum is more distributed across strikes, indicating greater uncertainty about the near-term direction, with notable upside interest above $3,400 [8]

Welcome back to Market on Close. We're taking a look at Starbucks. The stock is down 14% over the last 52 weeks and is due to report its earnings after the bell today.The coffee giant is expected to report fourth quarter EPS of 55 cents on $9.3% billion in revenue. Today's earnings will conclude the first full year in charge for Brian Nickel, who joined last September after leaving the same role at Chipotle. And now it's time for Options Corner.We're going to feature Starbucks ahead of their earnings. talk ...