On November 22, Greeks.live data shows that 29,000 BTC options and 164,000 ETH options will expire today. The Put Call Ratio for BTC is 1.1, with a maximum pain point of $86,000. For ETH, the Put Call Ratio is 0.65, with a maximum pain point of $3,050. The nominal values for BTC and ETH options are $2.84 billion and $550 million, respectively.
Adam, a researcher at Greeks.live, noted that Bitcoin has continued to rise sharply and is now at $10,000. ETH is leading altcoins in a rebound, and ibit options are trading. U.S. funds are flowing into ETFs, and the spot bull market is being driven by several positive factors. About 8% of positions have expired this week.
The increase in ETH has led to a significant rise in the IV of its main term options, while the IV of BTC’s main term options remains relatively stable. The market atmosphere is very optimistic, and the risk of a market correction has decreased due to the general rise in the market.
