Ether options implied volatility for May's end-of-month expiry shows investors anticipate significant price swings, an analyst said.
The positioning of ether options for May's end-of-month expiry shows investors have a lack of confidence in the chances for an imminent approval of a spot ether exchange-traded fund and anticipate significant price swings, an analyst said.
In January, Bloomberg Intelligence analyst James Seyffart set the chances of a May approval at 60%, then dropped his expectations to 35%, but finally decided that the applications would ultimately be denied. "Ether options expiring at the end of May show us a significant volatility increase in the zone of the $3,600 strike price, so the possible surpassing of this price level by the spot market would be accompanied by elevated volatility. At the same time, the implied volatility curve could be adjusted by new facts or SEC rhetoric during the following month," Lienkha told The Block.
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