Notional $1.4 billion in BTC options and $1.3 billion in ETH options set to expire

Golden Finance reported that Greeks.live data showed that options delivery data on May 24: 21,000 BTC options are about to expire, the Put Call Ratio is 0.88, the biggest pain point is US$67,000, and the nominal value is US$1.4 billion. 350,000 ETH options are about to expire, the Put Call Ratio is 0.58, the biggest pain point is US$3,200, and the nominal value is US$1.3 billion. Greeks.live said that ETH took over the rise of BTC and was inspired by the progress of ETFs, with a single-day increase of 20%. The short-term option IV once reached 150%, which is much higher than the current IV of BTC during the same period. Nowadays, the differentiation between BTC and ETH is obvious. From the perspective of bulk transactions and market transaction structure, the bullish sentiment of ETH is still strong, but it is difficult to maintain high levels of IV of each major term. The calendar spread will be a better choice. On the other hand, BTC is more long and short. Equilibrium, sell calls are stronger.