23,000 BTC and 177,000 ETH options expire today

PANews reported on April 18 that Greeks.live analyst Adam said that 23,000 BTC options will expire on April 18, with a Put Call Ratio of 0.96, a maximum pain point of $82,000, and a notional value of $1.97 billion. 177,000 ETH options expire with a Put Call Ratio of 0.84, a maximum pain point of $1,600, and a notional value of $280 million. In addition, Adam analyzed that the market has been much milder this week, and Trump has not released so much news this week, and the market has cooled down all of a sudden. Short-term RV is currently only 30%, and IV has also dropped sharply this week, falling below 40%. Medium- to long-term RV is between 50% and 60%, and IV is concentrated around 50%. It is expected that the trade war and tariff war are far from over, and the market uncertainty will continue for a long time, and the market volatility will continue for a long time. The delivery volume accounts for less than 1% of the total holdings, and the PCR has been maintained at a high level recently, reflecting that the market’s concerns about the decline significantly outweigh the expectations of the rise. In April and June, the option open interest remained around 25%, and the market structure was relatively stable, and there was a high probability of a sideways trade. But now is the painful period of the bull completely turning bear, investor sentiment is relatively sluggish, in this poor bull to bear market, the probability of black swan will be significantly increased, buy some deep out-of-the-money bearish will be a good choice.