Greeks.live: The option IV expiring on November 8 is significantly higher than other maturities, and investor confidence is seriously lacking.

Greeks.live analyst Adam released the crypto market outlook for this week (September 2-September 8). On Monday (September 2), the US stock market will be closed for one day. On Wednesday (September 4), the Bank of Canada will announce its interest rate decision. Thursday (September 5) will usher in three important data: the number of initial jobless claims in the United States that week, the number of ADP employment in the United States in August, and the Federal Reserve will release the Beige Book on economic conditions. Friday (September 6) is the most important day of the week, with the release of the US unemployment rate and seasonally adjusted non-farm payrolls data for August, as well as speeches by Federal Reserve officials. The market currently expects a 70% probability of a 25 basis point rate cut and a 30% probability of a 50 basis point rate cut. If the economic data pressure this month is high, there is indeed a possibility of a 50Bp rate cut. The cryptocurrency market is currently weak, and September has always been a poor month, and this year is no exception. Ethereum (ETH) performed the weakest, with a record low gas fee of only 0.6Gwei. ETH's weakness has been there since the second half of this year, and there is no sign of improvement. In the options market, investor confidence is seriously insufficient, and the implied volatility of various maturities is relatively stable, with a slight decline in the medium and long term and a slight rebound in the medium and short term. It is worth noting that the implied volatility of options expiring on November 8 is significantly higher than that of other maturities. In view of ETH's current performance, investors may consider a put ratio spread or a cross-currency short exchange rate strategy.