Yo
So the MOVE contracts expire to absolute change in value of BTC.
The April 17th MOVE contract (yesterday) had a strike price of 7090 and BTC closed the day at 7031. So the contract should have expired to $59 no?
What am I missing?
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The expiration is based on the 1-hour twap of the last hour of the day UTC, not the snapped BTC price at midnight UTC.