Last Friday (Oct 6), the non-farm data released was almost twice the forecast, indicating that the US job market remains strong. After the data release, US Treasury bonds rose by more than 10 basis points at one point, then retraced most of their gains, with the 10-year bond yield currently around 4.73. The three major US stock indices reversed the early morning downtrend brought about by the non-farm data (about a 1% drop) to rise across the board, with the Nasdaq increasing 1.60%, the S&P 500 up 1.18%, and the Dow Jones Index up 0.87%. Influenced by the Israel-Palestine conflict, market risk-aversion sentiment has heated up, and gold and oil prices opened significantly higher. This week, the focus will be on the US Consumer Price Index data on Thursday evening (Oct 12, 08:30 pm UTC+8), with the market broadly expecting a month-on-month CPI increase of 0.3–0.4%.

In terms of options, the implied volatility has not changed significantly compared to yesterday. The near-term IV (Implied Volatility) of BTC, having spent two days over the weekend, has successfully rebounded from the bottom, returning to above 30% (currently about 33% Vol). In contrast, ETH's IV for the month is still mostly under 30% Vol, with the mid-to-long end still having a 3-5% Vol gap compared to BTC.

The weekend saw relatively muted bulk trading. In the options chain market, BTC's transactions concentrated on 28000-C and 30000-C. Further analysis reveals that this mainly stems from a large-scale selling of Calls near 28000-C within a week, while 30000-C for the following week (20OCT23) was heavily bought and positioned, creating a Flow similar to a calendar spread. ETH's transactions shifted towards the medium term, with the purchase of 1700-C bullish options at the end of November becoming a market hotspot. According to statistics, this contract has accumulated a buy volume of 20.57K ETH in the past day, with an OI (Open Interest) increase close to 19K.