Bitcoin Surges as 11,000 BTC Options Expire; ETH Options Show Weak Rebound

On October 18, recent insights from research analyst Adam, shared via Greeks.live, highlighted the expiration of significant cryptocurrency options. A total of 11,000 BTC options reached their expiry, reflecting a Put Call Ratio of 0.78 and a maximum pain point established at $64,000, amounting to a nominal value of $1.26 billion. Concurrently, the expiration also involved 138,000 ETH options, where the Put Call Ratio stood at 0.61, and the maximum pain point was pegged at $2,500, with a total nominal value of $360 million. In recent market activity, Bitcoin demonstrated a substantial rebound; however, Ethereum’s recovery was comparatively muted. Notably, Ethereum’s option expirations this week constituted less than 30% of the total Bitcoin expirations. Moreover, the implied volatility metrics suggest that Ethereum’s at-the-money option IV has only marginally exceeded that of Bitcoin by 4%, indicating a downward trend in volatility.