Bitcoin and Ethereum Options Expiry Details for May 15

On May 15, 25,000 Bitcoin options are set to expire, with a Put Call Ratio of 0.59 and a maximum pain point of $80,000, according to Odaily. The nominal value of these options is $2 billion. Additionally, 274,000 Ethereum options will expire, featuring a Put Call Ratio of 0.4 and a maximum pain point of $2,300, with a nominal value of $620 million. This week, Bitcoin has been fluctuating around $80,000, with only 6% of BTC options expiring, while 11% of ETH options are due. Both major term options and short-term realized volatility have slightly decreased compared to last week, while the volatility risk premium has increased. The implied volatility for Bitcoin's major term is around 35%, and for Ethereum, it is approximately 50%. Skew has seen a slight decline across the board, with minimal fluctuations over the past month, maintaining a neutral market sentiment. Options activity remains extremely low, with about 20% of positions held until the end of May and 30% until the end of June.