$1.2 billion in notional value of BTC options and $800 million in ETH options are about to expire
Greeks.live data shows that on May 10th, 18,000 BTC options with a Put Call Ratio of 0.64 and a maximum pain point of $62,000, with a nominal value of $1.2 billion, will expire. Additionally, 280,000 ETH options with a Put Call Ratio of 0.74 and a maximum pain point of $3,050, with a nominal value of $800 million, will also expire. Greeks.live states that the cryptocurrency market is weak this week with trading volume continuing to decline, and the weakness is ongoing. While the outflow trend of the US stock BTC ETF has eased, the weak coin price has caused the market's confidence to continue to weaken, and the IV of major terms continues to decline. Currently, the IV level is slightly lower than the average water level, providing some support, and there is not much room for further decline. Based on experience, the market in May is not ideal, so buying some monthly put options now has good value for money.
Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.
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