TechFlow news: Greeks.live analyst Adam posted on X stating that the ETH ETF will launch next Tuesday. Driven by this positive news, ETH rose 8%, boosting the entire crypto market significantly. The sharp price increase has also led to a simultaneous rise in implied volatility (IV) across various maturities. BTC's implied volatility even increased more than ETH's, although both remain relatively low.
This month we have repeatedly mentioned that positive developments around ETH would stimulate the market, and the current low implied volatility environment is ideal for buyers. Despite the IV increase, options IV remains low, making buying options still highly cost-effective.
Today, multiple expiry-day call options surged over 1000%. Active buying of call options dominated trading volume throughout the day, accounting for more than half of total activity.
