Greeks.live: With the end of the quarterly delivery, IV still has downward pressure. The next two weeks will be a good opportunity to plan for the fourth quarter

Adam, a macro analyst at Greeks.live, posted on the X platform stating that 89,000 BTC options are about to expire with a Put Call Ratio of 0.64 and the biggest pain point being $59,000 USD, having a nominal value of $5.8 billion USD. Additionally, 718k ETH options are also nearing expiration with a Put Call Ratio of 0.47 and the largest pain point being $2,500 USD; these have a nominal value of $1.9 billion USD.

Furthermore, Adam analyzed that today is the end of Q3 delivery; cryptocurrencies have had strong rebounds in recent three weeks which can't be separated from Fed's interest rate cut by 50 basis points greatly boosting market confidence. The third quarter is coming to an end and looking at past data shows that Q4 usually performs well; this year there will also be US elections and two more interest rate cuts providing many trading opportunities. Quarterly deliveries bring large amounts of repositioning and margin releases while all major term IVs are low - as quarterly deliveries come to an end there's still downward pressure on IV making the next two weeks good opportunities for setting up Q4 positions.