Bitcoin and Ethereum Options Expire Amid Market Optimism

According to PANews, analysis by Greeks.live analyst Adam reveals that on May 9, approximately 26,000 Bitcoin (BTC) options and 165,000 Ethereum (ETH) options are set to expire, with a nominal value of $2.67 billion and $360 million, respectively. The maximum pain point for BTC options is $94,000, with a Put Call Ratio of 1.05, while for ETH options, it is $1,850, with a Put Call Ratio of 1.42. Recently, both BTC and ETH have experienced strong rebounds, with Bitcoin surpassing $100,000 and Ethereum rising by 20% in a single day to over $2,200. The implied volatility (IV) and realized volatility (RV) for major BTC maturities remain around 45%. In contrast, ETH's short-term IV has exceeded 100% due to its sharp rebound. The current expiration volume accounts for less than 10% of the total open interest, with many previous bearish options expiring worthless. Market sentiment has shifted towards optimism, with a significant increase in the proportion of call options set to expire in June.