This Wednesday, the Federal Reserve will announce its latest interest rate decision. Compounded by recent geopolitical uncertainties and the multifaceted impact of Bitcoin's sustained decline, implied volatility in medium-to-short-term options has risen significantly. BTC's short-term implied volatility exceeds 45%, ETH's reaches 63%, and SOL's surpasses 60%. One-week implied volatility has risen over 10% compared to the same period last week. However, the market is nearly unanimous in expecting no rate cut this week. With the end-of-month expiries likely to maintain the status quo, over a quarter of options positions will expire in January. Implied volatility is highly probable to retreat at that time. Overall, this presents a favorable opportunity to sell short-term options, with double selling emerging as a viable strategy.(Greeks.live)