Hello everyone, it’s a new week again. This week, a 25 basis point interest rate hike by the Bank of Japan is almost certain, and interest rate decisions from various central banks will also be announced. The US CPI data will also be released.

There is no doubt that it will be another week of significant volatility. Let’s take a look at the ETH options data.

From the IV perspective, the near-term IV has risen again, and panic sentiment has resurfaced. The negative RR value in the near term is quite noticeable, indicating that market sentiment regarding the yen's interest rate hike has already emerged.

From the OI perspective, the new ETH option positions on Sunday are mainly puts, concentrated around the 3000 strike price.

From the gamma ex perspective, 3000 remains a region with obvious positive gamma, and price fluctuations are expected to be smoothed out, making it a strong support level.

If the US CPI is released and exceeds expectations, it could be favorable for interest rate cut expectations, and the possibility of a rebound in the US stock market and cryptocurrencies cannot be ruled out.

At this time, market views are somewhat divided, as everyone is waiting for the data to be released this week.

As the IV rises again, one can short volatility at higher levels. There’s no rush to open positions; wait for the effects of the yen interest rate cut and the US CPI release, entering the market when the IV is relatively high.

Wishing everyone to be friends of time and to open positions steadily~