Summary
Ether’s one-month call-put skew has turned negative, indicating relative richness of puts. The 60-day gauge also favors put options, while the 90-day and 180-day metrics are positive.
Key Points
1. Ether’s one-month call-put skew has turned negative, indicating a relative richness of put options, which are used to protect against bearish price trends.
2. The 60-day gauge has also shifted in favor of put options, signaling a growing bearish sentiment in the options market.
3. While the 90-day and 180-day metrics remain positive, the overall trend suggests increasing interest in downside protection for Ether.