Options Market Data Shows Strong Institutional Expectation of Volatility Ahead of Christmas
BTC +0.53%
ETH -1.07%
BlockBeats News: On 11-12-2023, Greeks.live analyst Adam posted on social media that after several days of adjustments, the market has once again reached a position of strong divergence. BTC is currently hovering below $100,000, ETH is hovering near $3,700, and most altcoins have seen declines of over 20%.
Currently, BTC options account for 80% of the trading volume and open interest in the options market, making them the most valuable indicator. Call options accounted for about 30% of the large-scale trading volume today, mostly focused on strike prices of $100,000 or more in the near term. Additionally, active purchases of protective year-end put options accounted for 10% of trading volume.
Short-term Implied Volatility (IV) is currently above 60%, a relatively high level, indicating that institutions have strong expectations of volatility ahead of Christmas. Buying year-end put options offers good value for money.
Source:BlockBeats