Bitcoin options markets are pricing in greater short-term volatility ahead of the Federal Reserve's decision this week, with implied volatility 9.2 points higher than realized volatility, according to an October 26 snapshot from derivatives analytics provider Laevitas. This puts option buyers holding contracts after the policy decision at risk of premium decay unless Bitcoin's price moves significantly enough to offset it. The Federal Reserve's October policy decision is scheduled to be announced at 2 PM ET today.