Greeks.live: Whales are positioning for Q4, and trading will be very active around the election
ChainCatcher message, Greeks.live researcher Adam posted on social media that this Friday will see the quarterly settlement, with a significant decrease in implied volatility across all major expirations. Currently, BTC's open interest for this quarter's options accounts for 33% of the total open interest, while ETH's open interest for this quarter's options accounts for 38%, indicating a relatively small quarterly settlement.
Recently, there has been a large volume of block put options transactions, likely due to rolling positions. The next quarter covers the U.S. elections, which brings a lot of uncertainty, but overall implied volatility levels are low, having been below the current level for less than 30% of the past year.
Whales are positioning for the next quarter, especially with trading being very active around the elections.
