Greeks.live: All major term IVs have fallen, and the volatile decline may be the next main trend.

[email protected] stated that the market situation has eased, with a decline in the IV of major maturities. Currently, the short-term and medium-term IV are concentrated around 47%, but the VRP and Skew are basically maintained at yesterday's average level.Currently, the market sentiment is relatively fragile, with a strong wait-and-see attitude and few market hotspots, resulting in weak profitability.The biggest bulk transaction today was a ratio spread combination worth $40 million, selling February at-the-money call options and buying March out-of-the-money call options for protection.From the perspective of bulk transactions, institutions and large investors generally do not look optimistic about future price increases, but have not yet aggressively shorted the market. The main trend may be a volatile decline in the future.