TechFlow news, Greeks.live macro researcher Adam tweeted that tomorrow is the quarterly expiry with $15 billion worth of options set to expire. Market participants are actively rolling positions, and BTC call options remain the dominant force in rollover activity.
Today's block trades were mainly executed with 6-8 bps slippage, while slippage reaching over ten bps was not uncommon—making it a rare favorable period for precise price takers.
Due to the market's sustained high volatility recently, implied volatility (IV) across major tenors has not declined noticeably, causing the cost-effectiveness of selling options to continuously rise. Even June and September expiries now present attractive selling opportunities.
Adam still believes IV will significantly decline by this weekend, allowing option sellers to achieve profitability shortly.
