BTC/ETH Options Expiration Week Data Overview: Bullish Positioning Amid Cooling Sentiment

【CoinDesk】On Friday, the BTC and ETH options markets experienced a large-scale settlement. Approximately $28.5 billion in volume was concentrated and launched, during which BTC implied volatility(IV) dropped to 43%, while ETH returned to around 67%, indicating that investors’ pricing of short-term sharp volatility risks has significantly loosened.

From the skew(Skew) structure, the skew across different maturities for BTC converged to about -4 points, with the short-term maturities being the most thoroughly repaired, suggesting that the previous bearish hedging enthusiasm has greatly diminished. In contrast, ETH’s skew, although showing some divergence, remains stable in the long term, and the downside risk expectations for medium to long-term are still manageable. The block trading directions are also quite interesting—the largest operation involves a buy of 92,000 call options paired with a sell of 92,000 put options, revealing that institutions prefer to create a mildly bullish stance above key support levels.

It is worth noting that options trading tools are evolving. Now, rolling sell strategies can be used to automatically and continuously sell options, with cycles selectable from T+1 to T+3. You can customize Delta or Strike to select contracts, set selling prices, configure quantities, and even add take-profit and stop-loss parameters. The system automatically opens positions daily and seamlessly switches to the next cycle upon expiration, all without manual intervention. Risk indicators, margin estimates, and trading paths are all displayed in detail, giving you a clear overview of the strategy execution.