TechFlow news, Greeks.live analyst Adam said that quarterly options expiration will take place this Friday, with implied volatility (IV) across major tenors showing a significant decline. BTC and ETH quarterly options positions account for 33% and 38% of total open interest respectively, representing relatively small scales.
Recently, the market has seen substantial block trades in put options, which analysis suggests are likely rollover activities. Notably, next quarter will encompass the U.S. presidential election. Despite high uncertainty, current overall implied volatility levels are low—over the past year, fewer than 30% of days have seen lower IV levels than today.
Adam pointed out that large holders (whales) are actively positioning for the next quarter, particularly with noticeably increased trading activity around the period before and after the election.
