Greeks.live: The market is overly pessimistic, there may be a bull market by the end of the year
Greeks.live researcher Adam posted today's options settlement data on social media. 14,000 BTC options are about to expire with a Put Call Ratio of 0.81, the maximum pain point is $59,000 and the nominal value is $760 million. 125,000 ETH options are about to expire with a Put Call Ratio of 0.63, the maximum pain point is $2,500 and the nominal value is $290 million.
Cryptocurrencies have been falling this week and it's clear from option data that the whole market is weak; recent declines in major pain points can't keep up with price drops anymore. The main term IV has risen slightly as we approach U.S elections; October 8th’s IV bulge is gradually being flattened out. Last week we mentioned historical trading data - September tends to be somewhat flat but markets seem overly pessimistic right now; we prefer to believe there will be a bull run by year-end.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta (META.US) data center's first high-yield bond is oversubscribed more than four times, strong demand drives premium issuance
The first junk bond issuance by the data center division of Meta Platforms attracted demand over four times the transaction size, with its enticing yields drawing in investors.
US stock index adjustments to take effect next Monday: Bloom Energy (BE.US) and Everpure (P.US) to be included in S&P 500, changes also for mid- and small-cap stocks
Bloom Energy, Illumina, and Everpure will be included in the S&P 500 index, while several other companies will be added to the S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices.
Is the Federal Reserve repeating the 2022-style rate hikes? Bank of America warns: Rates may return above 5%, suggests shorting two-year U.S. Treasuries.
Bank of America warns: With Waller at the helm, the Federal Reserve may raise interest rates above 5%, potentially repeating the events of 2022.
Crypto prices
More
