Greeks.live macro researcher Adam published an article summarizing the option delivery data on May 17.
18,000 BTC options are about to expire, with a Put Call Ratio of 0.63, a maximum pain point of US$63,000, and a nominal value of US$1.2 billion.
320,000 ETH options are about to expire, the Put Call Ratio is 0.28, the biggest pain point is US$3,000, and the nominal value is US$930 million.
Inspired by the meme trend in the US stock market this week, the BTC ETF also received significant capital inflows. BTC rose sharply to exceed $65,000. However, the crypto market other than Meme was relatively weak, and trading volume declined. This can be reflected in the differentiation of option data of BTC and ETH at this point.
Judging from the bulk transactions and market transaction structure, the downward trend of all major term IVs has ended and entered sideways, and there is currently little room for decline.
The long and short positions of BTC are relatively balanced, while the weak price of ETH currency has led to the continued weakening of market confidence, and selling and calling have become the absolute main transactions. The seller’s price-performance ratio is average under the current IV. Buying at the right time would be a better choice. It is also recommended to pay attention to the ETH/BTC exchange rate pair transaction.
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