Greeks.live: 24,000 BTC and 157,000 ETH options are about to expire, and the main term IV has fallen to a new low since March

Odaily News Greeks.live analyst Adam YuX wrote that 24,000 BTC options are about to expire, with a Put Call Ratio of 1.08, a maximum pain point of $58,500, and a notional value of $1.4 billion. 157,000 ETH options are about to expire, with a Put Call Ratio of 0.37, a maximum pain point of $3,100, and a notional value of $490 million. The crypto market rebounded slightly this week, and the main term IVs all fell sharply, falling to a new low since March. Quarterly delivery and large fluctuations have created a perfect entry opportunity for sellers. This week, option sellers have built a large number of positions, which has also become a driving force for lowering the main term IV. The market atmosphere is not optimistic, and the news of ETH ETF has been postponed. Even if the ETF is listed as scheduled, the mainstream view is that it will not be able to bring in funds quickly. Now that the U.S. stock market is also relatively weak, the entire risk asset market is counting on the September rate cut to save it.