Greeks.live:明日(3月27日)迎Q1最大期权交割,近40%期权到期

BTC-2,5%

Gate News 消息,3 月 26 日,Greeks.live 在 X 平台发文表示,明日(3 月 27 日)将迎来 2026 年第一季度最大的期权交割,近 40% 的期权面临到期。

核心交割数据方面,BTC 最大痛点(Max Pain)目前锚定在 75000 美元,以目前情况看已经无望;看跌/看涨比率(P/C Ratio)维持在 0.6 附近,相对较低,说明看跌期权的交易量较低,但整体情绪依然偏空。

波动率(IV)预警方面,IV Crush 即将到来,目前临近到期日的前端隐含波动率(Front-end IV)依然坚挺,但明日交割一结束,极大概率会迎来剧烈的 IV Crush(波动率暴跌)。现在做短期期权的买方极其吃亏(Theta 损耗严重),而卖方有明显的优势。

巨鲸与大宗交易方面,今日 Deribit 上的大宗数据显示,聪明钱(Smart Money)正在疯狂进行展期操作(Rolling)。很多机构平掉了明日的到期仓位,并大量建仓了 6 月和 9 月远期虚值看涨期权(OTM Calls)。

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