RESEARCH: Giant whales are laying out for Q4, and trading will be very active around election time

Adam, a researcher at Greeks.live, said in a post on social media that quarterly delivery is coming up this Friday, and IVs of all major maturities have declined significantly, with the current quarterly options position in BTC accounting for 33 per cent of total holdings, and the quarterly options position in ETH accounting for 38 per cent of total holdings, which is a relatively small quarterly delivery. Recently there have been a large number of large put option transactions, the probability is that the position is being moved. Next quarter covers the US elections, which are currently highly uncertain, but overall implied volatility levels are low, having been below current levels for just under 30% of the time in almost a year. The giant whale is laying out the next quarter and is trading very actively around the election in particular.