ETH Price Drops Under $1,650 On Day of Ethereum Options Expiry
Around 143,000 Ethereum (ETH) options are set to expire. The Put Call Ratio stands at 0.85, indicating a balance between bets on price decrease and increase. The “max pain” level, where the most options are likely to expire worthless, is $1,700. The combined value of these options, known as the notional value, is $230 million. advertisement It’s relatively uncommon for both BTC and ETH to drop just before expiration, causing the delivery price to move away from the max pain point. This scenario could be triggered by a delay in ETF approvals, leading short-term bullish gaming funds to exit. During this week’s ETH options expiration, a significant portion centered around the $1,500 to $1,600 range, shows data from Greeks.live. While the volume of ETH put options this week wasn’t extensive, many buyers held their positions until the end. The market experienced limited volatility this week, and the Implied Volatility (IV) level continued t...