Greeks.live: 26,000 BTC Options and 165,000 ETH Options are about to expire, with the maximum pain point for BTC Options at $94,000.

PANews May 9 news, according to Greeks.live analyst Adam's data, on May 9, a total of 26,000 BTC Options and 165,000 ETH Options expired, with notional values of 2.67 billion USD and 360 million USD respectively. The maximum pain point for BTC Options is 94,000 USD, with a Put Call Ratio of 1.05; the maximum pain point for ETH Options is 1,850 USD, with a Put Call Ratio of 1.42. Recently, BTC and ETH have rebounded strongly, with Bitcoin breaking through $100,000 and Ethereum rising 20% in a single day to over $2,200. The implied volatility (IV) and realized volatility (RV) of major BTC contracts remain around 45%; due to the sharp rebound, the short-term IV of ETH has exceeded 100%. This delivery volume is less than 10% of the total open interest, and a large number of put options have gone to zero, leading to a shift in market sentiment towards optimism, with a significant increase in the proportion of call options expiring in June.