TechFlow, June 27 — According to Greeks.live data, today a total of 139,000 Bitcoin options expired with a put/call ratio of 0.75, a maximum pain price of $102,000, and a notional value reaching $15 billion. Meanwhile, 939,000 Ethereum options expired with a put/call ratio of 0.52, a maximum pain price of $2,200, and a notional value of approximately $2.29 billion.
Analysts noted, "Today marks the mid-year quarterly settlement, with over $17 billion in options expiring—accounting for more than 30% of current open interest. Due to the large volume of expirations, there have been numerous block bullish trades in the past two days; $1.4 billion worth of retail bullish options were traded in the last 24 hours, nearly all of which were roll positions. From major options data, implied volatility (IV) for BTC remains low, with medium and short-term IVs all below 35%. ETH's IV has slightly declined but remains high at nearly 65%. The 30% IV differential between the two assets has persisted for several days, offering substantial opportunities for cross-asset volatility strategies."
