Greeks.live: 26000 BTC options and 165000 ETH options are about to expire, with the biggest pain point for BTC options being $94000

According to Adam, an analyst at Greeks.live, a total of 26000 BTC options and 165000 ETH options expired on May 9th, with nominal values of $2.67 billion and $360 million, respectively. The maximum pain point for BTC options is $94000, with a Put Call Ratio of 1.05; The maximum pain point for ETH options is $1850, with a Put Call Ratio of 1.42. Recently, BTC and ETH have rebounded strongly, with Bitcoin breaking through $100000 and Ethereum rising 20% in a single day to over $2200. The implied volatility (IV) and actual volatility (RV) of BTC's main maturities remain around 45%; ETH has broken through 100% in the short term due to a sharp rebound. The delivery volume this time is less than 10% of the total holdings. Previously, a large number of put options were liquidated, and market sentiment has turned optimistic. The proportion of call options expiring in June has significantly increased.