Indeed, put-call skews, which measure the cost of puts relative to calls, show puts are drawing a higher price than calls across all time frames, including the six-month expiry. Traders have been buying outs off late. “We’ve also seen large demand for low delta [lower strike] puts, particularly in ETH, across the expiries out till December with strikes as low as 1,000. This could also be a play on further delays with the ETH Merge,” Singapore-based QCP Capital said in a Telegram broadcast.
Source: https://www.coindesk.com/markets/2022/04/22/crypto-traders-find-ether-options-attractive-as-implied-volatility-slides/?utm_medium=referral&utm_source=rss&utm_campaign=headlines