Greeks.live macro researcher Adam has issued a warning against using options data as a trading signal due to high expiry volumes. Over half of the total options positions are set to expire on Friday, December 26, leading to significant trading volume from rolling positions, which is creating noisy market signals. Adam emphasized that the current put block trades, which account for 30% of today's volume, are not indicative of bearish sentiment. Instead, these trades are primarily focused on position management rather than reflecting institutional price views.