Greeks.live: After the quarterly delivery ends, IV still has downward pressure, and the next two weeks may be a good opportunity to position for the fourth quarter

ChainCatcher news, Greeks.live macro researcher Adam posted on the X platform that 89,000 BTC options are about to expire, with a Put Call Ratio of 0.64, a maximum pain point of $59,000, and a nominal value of $5.8 billion. 718,000 ETH options are about to expire, with a Put Call Ratio of 0.47, a maximum pain point of $2,500, and a nominal value of $1.9 billion.

Adam further analyzed that today is the delivery day for the third quarter, and the cryptocurrency market has experienced a strong rebound over the past three weeks, mainly due to the Federal Reserve's 50 basis point rate cut policy, which has significantly boosted market confidence. As the third quarter comes to an end, historical data shows that the fourth quarter usually performs well. This year's fourth quarter will face the U.S. elections and two anticipated rate cuts, bringing abundant trading opportunities to the market.

During the quarterly delivery period, a large amount of position shifting and margin release has led to low implied volatility (IV) across major maturities. With the end of the quarterly delivery, IV still faces downward pressure. Therefore, Adam believes that the next two weeks will be a good time to position for the fourth quarter market.