$ETH option skews rotated quickly over the past week.



• Aug 22: upside bias (calls richer, 1w -7%).
• Aug 25: defensive shift (puts richer, 1w +4%).
• Aug 28: neutral (~0% across tenors).

Traders rapidly repriced #ETH# risk from upside to downside and back to balance.
ETH-2.74%
EPT5.96%
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