49,000 BTC options and 295,000 ETH options expire today, with a total nominal value of 4.56 billion US dollars.

On November 8th, Adam, a macro analyst at Greeks.live, posted on the X platform: The options market today welcomes the concentrated delivery of BTC and ETH options. Data shows that 49,000 BTC options expired with a Put Call Ratio of 0.72; the maximum pain point was $69,000 with a nominal value reaching $3.7 billion. As for ETH options, the number of expirations reached 295,000 with a Put Call Ratio of 0.65; the maximum pain point was $2,500 with a nominal value amounting to $860 million.

Adam analyzed that with Trump's election victory, Bitcoin surged this week breaking through $75,000 to reach an all-time high which led Ethereum to rebound to $2,900. Today's expiring options account for 15% of total holdings but were unaffected by the maximum pain point. Influenced by the election results,the implied volatility (IV) in short-term options significantly decreased indicating optimistic market sentiment and suggesting that strong performance may continue into Q4.