PANews reported on June 28 that according to today’s option delivery data released by Adam@Greeks.live, 107,000 BTC options expired, with a Put Call Ratio of 0.5, a maximum pain point of $57,000, and a nominal value of $6.6 billion. 1.04 million ETH options expired, with a Put Call Ratio of 0.59, a maximum pain point of $3,100, and a nominal value of $3.6 billion.
According to its analysis, today is the quarterly option delivery date, with a total notional value of more than $10 billion. BTC and ETH prices were once close to the maximum pain point that investors thought was impossible to reach, and the market atmosphere was relatively pessimistic. Despite the large fluctuations, the implied volatility (IV) of mainstream currencies remained low, with BTC's IV for each major term below 50% and ETH below 60%. It is expected that there will be clear news on the ETH ETF at the beginning of next month, and IV will be under downward pressure. At present, buying call options in a low IV environment is a cost-effective choice.
