BTC options with a nominal value of 1.68 billion USD and ETH options worth 680 million USD are about to expire

36,000 BTC options are about to expire, with a Put Call Ratio of 0.9 and the biggest pain point at $45,000 USD, representing a nominal value of $1.68 billion USD. 262,000 ETH options are also nearing expiration with a Put Call Ratio of 0.64 and the largest pain point at $2,400 USD; their nominal value is $680 million USD.

 

Greeks.live states that this week's Bitcoin spot ETF was approved as scheduled despite repeated false news and sudden events causing significant market fluctuations. As mentioned earlier this week, long gamma will be very cost-effective this week. The short-term IV reached its peak before the ETF approval but then fell significantly due to less-than-expected market volatility. In the long run, the approval of Bitcoin spot ETFs will bring substantial incremental funds to the crypto market; however in the short term there remains considerable uncertainty due to various factors at play - like severe fluctuations which could continue for several days.