Greeks.live: Tomorrow will see the largest options settlement in Q1, with nearly 40% of options expiring.

Greeks.live posted on the X platform that tomorrow will see the largest options settlement of the first quarter of this year, with nearly 40% of options expiring. 1. Key Settlement Data: BTC's Max Pain: Currently pegged to $75,000, this seems unlikely given the current situation. Put/C Ratio: Remaining around 0.6, relatively low, indicating low trading volume for put options, but overall sentiment remains bearish. 2. Volatility (IV) Warning: An IV Crush is imminent. Currently, front-end implied volatility nearing expiration remains strong. However, after tomorrow's settlement, a sharp IV Crush (volatility plunge) is highly probable. Buyers of short-term options are at a significant disadvantage (severe Theta loss), while sellers have a clear advantage. 3. Whales and Block Trades: Today's block trade data on Deribit shows that smart money is aggressively rolling over options. Many institutions closed out their positions expiring tomorrow and built up large positions in June and September out-of-the-money call options (OTM Calls).