Greeks.live: Market fluctuations have driven the options market activity to its highest level in nearly a year

ChainCatcher news, Greeks.live researcher Adam posted on social media that the rapid fluctuations in the market have driven the activity in the options market to the highest level in nearly a year, with over 15,000 large trades on that day and a nominal value exceeding 1 billion USD.

Among them, the largest order was for 275 sets of iron condor options, with a single nominal value as high as 73.34 million USD. The composition of the options suggests that it is likely a rebalancing by options market makers, which can be seen as a bearish position being closed at a loss. Recently, large traders have been massively closing their options positions, whether to take profits on long positions or to cut losses on short positions, which has suppressed the rise of IV.