Greeks.live, which compiles futures options Bitcoin and shared important information about Ethereum’s expiring options. Greeks.live; He noted that as of today, November 17, 35,000 BTC options are about to expire with a Put Call Ratio of 0.49.
17 Nov Options Data
35,000 BTC options are about to expire with a Put Call Ratio of 0.49, a maximum pain point of $36,000 and a notional value of $1.28 billion.
270,000 ETH options are about to expire with a Put Call Ratio of 0.41, a max pain point of $1,900 and a notional value of… pic.twitter.com/5HDuKMaCqUNEWS CONTINUES BELOW— Greeks.live (@GreeksLive) November 17, 2023
According to Greek.live’s post, the market is currently in a consolidation phase. While volatility levels in realized volatility (RV) proxies have risen, expected volatility levels in implied volatility (IV) proxies have steadily fallen, ultimately causing the volatility risk premium (VRP) to fall slightly.
Greeks.live also reported that the BTC Deribit volatility (DVOL) index was at 55% at the time of the report, down 10% compared to the previous week, while ETH Dvol remained stable at 56% since last week. Following the report, the options trading platform predicted that Ethereum could emerge as the leading force in the next phase of the crypto market rally.