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 nominal value of $1.97 billion. 177,000 ETH options will expire, with a Put Call Ratio of 0.84, a maximum pain point of $1,600, and a nominal value of $280 million.
In addition, Adam analyzed that the market was much milder this week. Trump did not release so many messages this week, and the market cooled down immediately. At present, the short-term RV is only 30%, and the IV also dropped sharply this week, falling below 40%. The medium- and long-term RV is between 50% and 60%, and the IV is concentrated near 50%. It is expected that the trade war and tariff war are far from over, and the uncertainty and volatility of the market will continue for a long time. The delivery volume accounts for less than 10% of the total positions. PCR has been maintained at a high level recently, reflecting that the market's concerns about the decline have obviously overwhelmed the expectation of the rise. The open interest of April and June options has remained at around 25%, and the market structure is relatively stable, and there is a high possibility of sideways trading. But now is the pain period when the bull turns to the bear completely, and the investor sentiment is relatively low. In this poor market situation of the bull turning to the bear, the probability of the occurrence of black swans will increase significantly. Buying some deep out-of-the-money puts will be a good choice.
