According to the latest data, the Put/Call Open Interest (OI) Ratio is currently at 0.59, indicating a bullish market sentiment in cryptocurrency options. This ratio shows $19.3 billion in call OI compared to $11.5 billion in put OI, with a dominant bullish skew as call positioning is increasing faster than puts. Traders should monitor these movements closely as they suggest potential upward price momentum in the market.

According to Greeks.live, traders can access more options strategy discussions on their Telegram channel, which may provide valuable insights for developing trading strategies in the cryptocurrency options market.

According to Greeks.live, the largest cryptocurrency options block over the weekend involved 250 78,000Put and 250 80,000Put contracts expiring on April 1st. This trade suggests a strategy betting on market weakness following the March delivery.

According to Greeks.live, the current trading week presents significant opportunities for option traders due to increased volatility in the cryptocurrency markets. Greeks.live highlights that the implied volatility (IV) of major cryptocurrencies has surged, indicating potential for profitable options strategies such as straddles or strangles. This increase in IV is attributed to recent macroeconomic events impacting market sentiment. Traders are advised to monitor IV levels closely as they adjust their positions accordingly.