14,000 BTC options are about to expire with a Put Call Ratio of 0.81, a Maxpain point of $59,000 and a notional value of $760 million. 125,000 ETH options are about to expire with a Put Call Ratio of 0.63, a Maxpain point of $2,500 and a notional value of $290 million. Crypto has been down all the way this week, and the weakness across the board is evident in the options data, with Maxpain point declines not keeping pace with price declines lately. Major term IVs have risen, with the Oct. 8 IV bump being gradually erased as the U.S. election approaches. Last week it was mentioned that trading data from previous years has generally been slightly flat in September, but the market seems to be a little overly pessimistic and we would prefer to believe in a bullish end to the year.
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