Greeks_live

ATM option IV expiring on the 11th is even higher than 120%

Long
BITSTAMP:BTCUSD   Bitcoin
The results of the Bitcoin Spot ETF review are about to be finalized, and the market is now widely expected to pass with flying colors.
Fueled by the ever-present positive news, BTC is currently back to short-term highs of $45,000. The current ATM option IV expiring on the 12th has been as high as 110%, and the ATM option IV expiring on the 11th is even higher than 120%, and the IV has risen by nearly 20% again after today's delivery.
The current fomo sentiment in the US and European markets is heavy, as if the Bitcoin Spot ETF is going to be passed next minute, and shorting Dvol is very cost-effective at the moment.

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