The ratio of put options to calls expiring on July 26 increased to 0.45. This indicates the desire of traders to insure long positions against falling prices.
The greatest open interest is concentrated in contracts with a strike price of $3,700. In other words, traders expect a movement to this level in the coming days, writes The Block.
Previously, I wrote that I expect to see ETH this week at $3,800. But based on these introductory notes, I think that we will see 3800 only after the 26th. In other words, most likely the issuer of ETH options will not want to part with the money and will keep the price below 3700 until the expiration date. And then waiting for the Fed meeting, which will also not add growth.
