Greeks.live: Options data shows that market sentiment is optimistic, but still cautious in the short term

Odaily Planet Daily News Greeks.live analyst Adam posted on social media, "Option delivery data on May 16: 27,000 BTC options expired, Put Call Ratio was 1.03, the maximum pain point was $100,000, and the nominal value was $2.76 billion. 220,000 ETH options expired, Put Call Ratio was 1.36, the maximum pain point was $2,300, and the nominal value was $570 million. This week's Bitcoin delivery data is almost the same as last week, and Ethereum is also similar except for price factors. The current market sentiment is very good, but option data shows that there are still not many holders of mainstream coins, and the profit earners are limited. At present, the medium- and short-term RV of Bitcoin has fallen below 35%, and the medium- and long-term are both around 50%, but the IV has fallen more significantly, almost falling below 45%, so the VRP of each term has fallen back. The delivery volume is less than 9% of the total position, and the proportion of put options this month continues to be high. This phenomenon may not happen until June. There will be a significant change in the next month. The market is optimistic about the future trend, but not many people are long BTC in the short term.”