eth $2069. put/call oi ratio 0.52, calls dominate open interest. put/call volume ratio 0.97, nearly balanced today. nearest expiry 31may26 max-pain at $2025. atm iv 32.4%.
dealer hedging flips direction if spot breaks below $2025, where gamma from put-heavy oi forces dealers to sell more into weakness. right now they're net long gamma from the call skew, buying dips. more at falsifylab.com
#OnchainAlpha #PerpFunding $ETH
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